Re: real estate taxes - re-appraisal

"P.Schuman" <pschuman_no_spam_me@[EMAIL PROTECTED]
> wrote in message 
news:GukFj.67535$Pv2.23249@[EMAIL PROTECTED]
> with the housing downturn - I wonder if anyone has gone to their local 
> county
> and had their taxes lowered based upon a lower appraised value ?


We're in the process of doing this now. Not for our
residence, but a new office building we just bought.

County had it assesed for $330K ... We purchased
for $225K after it sat on the market for over 2 years.

ORC (Ohio Revised Code) *mandates* that if the sale
was at "arms-length", then the County *must* use the
sale price.

Why we've gotta go through the shenanigans with the
County's "Board of Revisions" when ORC explicitely states
that they've gotta use the sale price -- I have no idea.

Anyway, hearing with the Board of Revisions next month.
Will let ya know how it turns out. 


 .

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