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The following lists the formulas that the State of Ohio has authorized for the calculation of property taxes: Market Value x 35% = Assessed Value (Example: $100,000 x .35 = $35,000) (Assessed Value x Tax Rate)/1000 = Current Real Estate Tax per Year (Example: ($35,000 x 99.51)/1000 = $3,482.85) Current Tax x Reduction Factors = Reduction ...
May 23, 2024 · COLUMBUS, Ohio (WKBN) – A group of county auditors testified Wednesday before the Ohio General Assembly’s Joint Committee on Property Tax Review and Reform.
Ohio Revised Code 5715.27 requires county auditors to review exemption applications for certain types of property within the auditor’s county. The properties for which the auditor is responsible for granting exemption include: • A public road or highway; • Property belonging to the federal government of the United States;
The County Auditor uses real estate sales in the county, specific property characteristics about each property, neighborhood characteristics and statistical analysis to arrive at the market value for every property in the county.
The real property tax is Ohio’s oldest tax. It has been an ad valorem tax – meaning, based on value – since 1825. The department's Tax Equalization Division helps ensure uniformity and fairness in property taxation through its oversight of the appraisal work of local county auditors.
1 day ago · Home - County Auditor Website, Miami County, Ohio. 2025 REVALUATION - IN PROGRESS. The Miami County Auditor is finalizing the process of a state mandated reappraisal of all properties. New values will go into effect January 1, 2025, and will be payable on the 2026 tax bills.
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The Henry County Auditor is the chief fiscal officer of the county. The Auditor has the responsibility to keep the official record of all county government receipts and disbursements. The Auditor also estimates tax revenue for the commissioners and others.
