2023 is a reappraisal year for Hamilton County, as mandated by Ohio Law.
Every County Auditor is required by Ohio Law to value all properties in their respective County, at fair market value, twice during a six year cycle. The cycle begins with a reappraisal and revaluation of all properties. Three years later a triennial valuation of properties (based on sales with no physical viewing of properties) is performed; then the cycle begins again with a reappraisal 3 years later. In Hamilton County, the last reappraisal was in 2017; followed by the 2020 triennial update; now the 2023 reappraisal; and next the 2026 triennial update.
The 2023 reappraisal, which establishes a current fair market value, includes a physical viewing of the property to verify characteristics (type of construction, number of stories, decks, porches, etc.). A new street level image of the property is also taken as part of this process and posted on the Auditor's website. Changes in value occur over time for many different reasons, including economic conditions, improvements to the property, or demolition of a building. This State mandated reappraisal and revaluation equalizes imbalances.
Each of Hamilton County's more than 350,000 parcels has been viewed. Data is being collected, reviewed, and corrected where necessary, and tentative values will be assigned to each parcel during the first half of 2023.
Those tentative values are reported to the Ohio Tax Commissioner for review and approval. Once approved, we continue our work through the second half of 2023 before submitting final values to the Ohio Tax Commissioner for approval. Those new values will be posted to our website in December 2023 and on your January 2024 tax bill.
For the 2023 Reappraisal, we are obligated to establish values based on the real estate market during 2020, 2021, and 2022; and we will consider the early months of 2023.
A sale of a property is the best indicator of market value. Additionally, market trends, new construction, sales of similar properties in the same appraisal area/neighborhood, Board of Revision decisions and data correction changes are used to set value. It is very important to note we cannot consider personal situations like "taxes are too high", unemployment, COVID, and other personal negatives.
Advances in technology translates into better communication between property owners and the County Auditor's office. We ask that you review your property on our website to make sure the data we have on your property is accurate. Also review the mailing addresses we have for you on our website to ensure communication from us or from the County Treasurer reaches you. It is our goal to get your value correct, and your assistance is part of that process. If you see incomplete or incorrect information, please email dusty.rhodes@fuse.net with the details.