Homeowners across the nation and here in Cincinnati are appealing their property taxes, taking advantage of a drop in housing prices over the last few years. Marketplace recently ran a story about the rise in property tax appeals across the country.
In most counties and cities properties are assessed every three years, which means that there is a chance that you are paying taxes based on the 2007 price of your home. Most of our property taxes have declined since then, but we are still paying taxes on that inflated value. In order to file an appeal for a reduction in property taxes it is important to gather information that shows the decline in your home’s value. In most instances a Cincinnati Realtor can help you gather that information and make the case.
If you are interested in finding out more information on Cincinnati property tax appeals send me an e-mail.