Real Estate Valuation Deadline

In Ohio, public school districts are permitted to initiate complaints with the county board of revision regarding the valuation of real property.  Property owners are also permitted to file complaints when they believe the tax on their property is too high.  Once a property owner files such a complaint, school districts are also permitted to file a counter-complaint, making them a party to the case, and allowing them to oppose the requested decrease in property value.

Many school districts and their legal counsel actively review property values in their districts in order to file complaints when a property sells for more than the current value maintained by the auditor’s office.  Others only file counter-complaints once a property owner files a complaint requesting a reduction in value.

Each year, property owners or school districts wishing to challenge the valuation of real estate must file their complaints by March 31.  After a complaint is filed, and if the requested modification to the value is at least $17,500, the county auditor provides notice of the filing to the property owner (for complaints filed by the school district) or to the school district (for complaints filed by the property owner).  Counter-complaints must be filed within 30 days of receipt of the auditor’s notice of the complaint being filed.  You may be hearing from your county auditor at the beginning of April about complaints filed by property owners in your district requesting a reduction in value.  You should consider contacting your legal counsel to determine whether to file counter-complaints in response to the decrease complaints.

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