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Home > Blogs > Butler County News and Issues > Archives > 2008 > September > 03 > Entry
State: Property values going up
The post below will differ slightly from the one that went up earlier. Here’s why: when I asked repeatedly what percentage change in property values were found in this year’s re-appraisal, Auditor Roger Reynolds told me no such number exists. The state said that number is a 5.95 percent increase in values, not the non-quantifiable decrease Reynolds announced.
HAMILTON — Notices going out this week from the Butler County Auditor’s Office will reflect an average 5.95 percent increase in appraised property values countywide, according to a property value reappraisal approved by the state last week.
Butler County Auditor Roger Reynolds said the specific increases and decreases in value differ substantially in different parts of the county. Middletown saw the slowest growth while Oxford saw the highest, he said.
The appraisals were determined by looking at home sales and 2006 and 2007 — but not 2005, when the housing bubble was still inflating — Reynolds said.
This is the last major adjustment to property values since 2005, and reflects a substantially slowed housing market, officials said.
“These are much smaller increases than we have observed in the past,” said Shelley Wilson, head of the Ohio Department of Taxation’s Equalization Division, adding that double-digit increases were recently the norm.
But increased property values don’t necessarily equate to a corresponding tax hike, Reynolds said; commercial growth is helping to shoulder the tax burden.
“Although we’re seeing just like everyone else (in Ohio) a reduction in residential values, our tax burden is being offset by a commercial growth to our tax base,” Reynolds said. “That gives a relief to our taxpayers.”
Reynolds doesn’t believe there will be a stampede of objections to the appraisals, though some people have voiced concerns that their appraised home values are going up while sale values have gone down.
Property owners can object to the county’s numbers at informal review schedule across the county. Dates and locations will be listed in the notice going out this week.
“I don’t know that what Butler County is seeing is different from smiliarly situated counties, said Ohio Department of Taxation Spokesman John Kohlstrand.
He said housing markets in rural counties are faring better than urban ones. Clermont County is looking at a 7.19 percent increase, he said, and Green County is estimating a 7.78 percent increase. Montgomery County is facing a .24 percent increase.
Permalink | Comments (16) | Post your comment | Categories: County Auditor
Comments
By Sick and Tired
September 4, 2008 12:20 AM | Link to this
I wish someone would give me the money that my insurance company and the tax people say my house is worth.
By VietVet
September 4, 2008 6:58 AM | Link to this
Good and bad news here. Good news is that my Middletown property tax bill should be going down. Bad news- my property isn’t perceived as being worth as much as I paid for it three years ago. Having said that, I would like to take this opportunity to thank all of the Middletown city leaders who contributed to this decline in value of one of the most prized assets a person possesses.Keep up the good work!
By Reality Check Needed
September 4, 2008 7:01 AM | Link to this
How on earth in this economy can you raise property values. More home repossessions on the horizon if this happens and more homeless people on the streets. How are seniors supposed to survive on incomes they retired on? Just remember we can change these crooks in office at election time. People it is time to get out to the POLLS AT ELECTION TIME.
By Joe
September 4, 2008 8:19 AM | Link to this
UNREAL, people should get out and complain like mad…. then take the Commissioniers and Nancy Nix out to the wood shed.
By Jeanne
September 4, 2008 10:46 AM | Link to this
Better be casting your votes towards the Democrat party!
By Lynnann Shaffer
September 4, 2008 11:44 AM | Link to this
When I purchased my Fairfield house 3 years ago, they immediately changed my appraised value to what we paid for it. After viewing the current surrounding home values, I perceive my home has depreciated at least $15,000. I would hope my taxes will reflect that. I will be at that meeting.
By Rj
September 4, 2008 2:31 PM | Link to this
This is BS! Its a ploy, so they can raise property taxes. People, don’t be fooled!
By joe
September 4, 2008 3:42 PM | Link to this
jeanne, get real, dem’s will raise taxes, they are saying that…. don’t you believe they are for the middle class….
By ks
September 4, 2008 4:01 PM | Link to this
It’s amazing that they can always find “reasons” to increase taxes, but never to lower or eliminate them. It makes no difference which party is in office, they all feed off of the work and assets of those in the private sector. There is simply no economic justification for any increases in values at this time….none!!!
By Debbie
September 4, 2008 4:16 PM | Link to this
I think they should leave us homeowners alone and go after the landlords - they are the ones making the money and letting their properties go downhill ruining our neighborhoods
By Debbie
September 4, 2008 4:16 PM | Link to this
I think they should leave us homeowners alone and go after the landlords - they are the ones making the money and letting their properties go downhill ruining our neighborhoods
By Pat
September 4, 2008 10:24 PM | Link to this
Vote all current thieves out as quick as we can. From City Council to County Commissioners.
By mj
September 5, 2008 8:36 AM | Link to this
Lynnanne, If your the lynnanne on Winton Rd. You paid 190,000 on 09/09/2005. According to Auditors web site you have been valued for past three years at 156,180. FAR below your sale price??? If this is not you, I apoligize, if it is you, I think to be fair to everyone else your value needs raised!!
By mj
September 5, 2008 3:59 PM | Link to this
well I could only find one “Jeanne”, Jward if that’s you on creekside. well, looks like you were undervalued also!! According to website paid 275,000 on 6/20/2005 and valued at only 233,910. Why do people complain with out even looking at thier own value???
By Not A Happy Camper
September 10, 2008 10:26 AM | Link to this
I have multiple property’s - have just received proposed tax adjustments on 4 of them - Kinda lost on the about 6 percent increase. Mine are showing around 48% increase on the low end to over 200% on the high end so far. Property’s they are being compared with are in different area’s and many - many miles away (Something a bank would never except if these where being appraised for a home loan). The national new’s and banks have listed Ohio as one of the top 5 states for lost home values and foreclosures. I believe about a loss of 29% - (I think I read that some where). It appears to me that the Banks, Government and the National New’s have been making miss leading statement’s to us and that they need to listen to the County Auditor. Were not in a housing slump. Foreclosures are not ramped. Property values are not down. Were all making a killing on our houses. Times are good. Great I would say. Just ask the Auditor. Don’t mind those boarded up houses and the houses that are vacant and that have gone back to the bank. (The Auditor does not consider them in there re-appraisals so why should anybody else) Oh - Don’t forget about the 3 pages of foreclosures that are listed every week in the newspaper. If they would have listen to the Auditor they would have made a fortune. I do feel bad though for the Auditor though - being election year and all. Hey - I vote for the Auditor to take over Fannie Mae - we could end all this nonsense about people losing there homes, property values down, etc. Government’s bail out of Fannie Mae - what a joke - Costing us tax payer’s billions. - Let’s get our Auditor in there - He’s got the right Idea.
By Staitohaice
October 1, 2008 6:00 AM | Link to this
Hi all! Nice site! G’night