I’ve always felt there should be a law that if they can tax my property based on a bogus assessment of property value, then the city must purchase my property at their assessed price in cash within 30 days of the request. If they think my house is worth $450k when the market says it is only $380k, I’ll happily take that bonus.
“..they can tax my property based on a bogus assessment of property value,”
There it is. The Covid has hit the state of Ohio hard moneywise. The state and local bureaucrats are going to find “their” money somehow. We have a rino as governor too, so there’s that. Mike DeWine’s days are numbered though. People are waking up. John Kasich tried to get rid of all the septic tanks in the state as governor. I live in a rural county and am now paying nearly $500 a year for sewer. It has already doubled in just a few short years.
> If they think my house is worth $450k when the market says it is only $380k, I’ll happily take that bonus. <
I don’t know what it’s like in your neck of the woods, but the assessors in my county are way ahead of you. My house is assessed at $125,000. I arrived at that number by working backwards from my tax bill
My tax bill says something like $80,000. The county artificially lowers the value, then they put a higher millage on that lower value.
It’s actually pretty clever. Some homeowners think they’re getting away with something, because their homes are assessed “too low”. Meanwhile the county tax officials are laughing all the way to the bank.