Property values cause concern in the city

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By Andrea Cordle
Grove City Editor

The Franklin County Auditor’s Office will reappraise property values this year and according to officials, most homeowners will see an increase.

Beth Kinney, who does community outreach for the county auditor’s office, spoke at a recent Grove City Council meeting to give an overview of the reappraisal process.

“We are expecting, across the county, a median average range of 40 percent or more for increases,” said Kinney.

Kinney called central Ohio a “hot market” and said this has created a “perfect storm” for the rise in property values.

According to the auditor’s office, demand for property in Franklin County is on the rise. That combined with local population growth and inadequate housing to meet those demands, has created this historic rise in value. Outside investment in local property has also contributed to the increase in value.

Franklin County is not the only municipality to see this type of increase in property value. Delaware, Licking, and Pickaway counties are also realizing a historic rise in property value.

Kinney said the rise in property value is not intended to increase or decrease property taxes, but it likely will have an affect on taxes.

“If your value goes up 40 percent, it does not mean taxes go up 40 percent,” said Kinney.

She explained that tax rates change based on the value of the property in relation to other properties in the taxing district.

Grove City councilman Mark Sigrist said he is concerned about how this rise in property value will affect the city’s most vulnerable citizens.

“I worry this will have a big impact on our seniors,” said Sigrist.

In response, Grove City Administrator Chuck Boso said, “We (city administration) are sensitive to the issue, and we hope that there are other means where we can help the seniors and the less fortunate.”

Boso said property taxes are made up of the local school district, the county, the city, township, and the library.

“Over the last 15 years, the city of Grove City has not raised their property taxes,” said Boso. “We’re not planning on raising anyone’s taxes.”

According to Kinney, there are programs that would offer financial assistance to senior citizens and low-income families.

When reappraising property, assessors review recent home sales in the area, amenities, infrastructure, and the visual exterior of the property.

Beginning in July, Kinney said property owners will receive a notification via standard mail about their tentative property value. Those who disagree with the figure will have the opportunity to challenge the value. Property owners can schedule an appointment with a member of the Franklin County Auditor’s Office appraisal team. Sessions will be held throughout the county in the fall or can be scheduled virtually.

A complete determination on property value will be made in December. Residents will be notified via standard mail of the final decision.

For more information on the property reappraisal process, visit franklincountyauditor.com/knowyourhomevalue.com. This site offers an interactive mapping and neighborhood tool. In July, the site will offer a tax projection tool.

Residents can also call the auditor’s office at 614-525-4663 for additional information.

 

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