New Franklin County Property Appraisals Issued - Columbus Ohio Real Estate | Buyer's Resource Realty Services

New Franklin County Property Appraisals Issued

The Franklin County Auditor’s office released new property appraisals August 22, 2020. If you agree with the tentative property value, no action is necessary. If you disagree with it, you can speak with an appraiser to discuss your property value.

Speaking with an appraiser occurs during a “review session” and they can be performed virtually or in-person. Scheduling is open as of August 24 – don’t delay!

  • August 21: Tentative Value Letters Mailed
  • August 24: Scheduling Opens
  • September 1 through October 3: Informal Review Sessions
  • October 9: Deadline to Submit Documents for Review
  • December: Final Values Determined
  • March 31, 2021: Board of Revision Deadline

The updated valuation is meant to keep pace with the market. It is not intended to increase or decrease anyone’s property taxes in particular. Of course, an increase in property valuation means you could see a future increase in your property tax bill. You can learn more about the relationship between home value and property taxes at apps.franklincountyauditor.com.

If you dispute the valuation, you should present supportive documentation. Examples:

  • A professional opinion of value
  • Evidence of detrimental property conditions
  • Sale comparisons supporting your opinion of value. The Franklin County auditor does not allow Short Sales, Foreclosures or distressed transactions as market comparisons.
  • Evidence of your current home asking price, if listed for sale, and/or proof of offers
  • If your home is a recent purchase, a copy of your final purchase agreement
  • If your property is rented out, proof of current rental amount

If you were a Buyer-Client of ours in the past, and believe that the new assessed value of your property is too high, feel free to contact your Exclusive Buyer’s Agent or Broker! We can perform a quick comparison of recent sales to see if a lower valuation can be supported.

If you might be selling or refinancing your home in the near future, think carefully before presenting a valuation dispute. There are times when the higher assessed value can work in your favor!

The Franklin County Auditor website has more information. Please review it, and reach out to the Auditor’s office if you have any questions!

We hope this information has been useful! As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services www.BuyersHome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

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