Your Franklin County Auditor’s office launched an informational campaign called Know Your Home Value. The goal is to educate property owners on the Triennial Update, which will adjust the property values of every parcel in the county based on the state of the real estate market. It’s a comprehensive update, and I want property owners to know that they will have a voice in determining their assessed values.
In Ohio, county auditors are required to do a full, general reappraisal once every six years. On the third year in between reappraisals, county auditors are required by Ohio law to adjust property values based on sales and the market over the past three years. The Franklin County Auditor's office last performed a full property appraisal in 2017, so state law requires a Triennial Update in 2020.
The Triennial Update is not intended to increase or decrease taxes, but to keep property values up to date with the market. My goal as your Franklin County Auditor is to complete the most accurate assessment of property possible.
To learn more about the Know Your Home Value campaign, visit your2020homevalue.org. You'll find Triennial information, an educational video and the ability to schedule virtual and in-person Informal Value Review meetings where homeowners can challenge their tentative home values.
Here’s how the Triennial process will work. In late August, tentative property values will be mailed to every Franklin County property owner. If an owner agrees with the value, there is nothing more they need to do. However, If the property owner disagrees with the proposed value, they may participate in an Informal Value Review and discuss their property value with an appraiser. Because of current public health concerns, I encourage the scheduling of virtual Informal Value Reviews, where homeowners can discuss their property value with an appraiser from the comfort of their home.
Final values will be mailed out to those who participated in December, and if a homeowner still disagrees they may file a complaint with the Franklin County Board of Revision, which hears property value challenges.
As we conduct the update, the Auditor’s office is partnering with the Kirwan Institute to support racial equality in the process. The office has also convened a community focus group, which has met virtually and has helped guide our decisions on how to conduct the Triennial.
I am committed to ensuring property owners are a part of this important process. I encourage anyone with questions to visit our Triennial website or call the Auditor’s office at 614-525-HOME.
As always, if you have suggestions, I encourage you to contact me at (614) 525-5700, or at AuditorStinziano@franklincountyohio.gov.
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