2014 Real Estate Taxes

County treasurers throughout the State of Ohio will soon be sending out the 2014 real estate tax bills. Depending on the county in which the property is located, payment for the first half of 2014 will be due in either late January or February. Those property owners who receive their bills directly will be familiar with the property valuation and its relationship to the taxes which are due and payable. However, those who use a lender or escrow service to facilitate the payment of their taxes may be unaware of the property valuation and may also not be aware of a tax increase until the monthly escrow statements are received in February, March or even later.

With the economy recovering, real estate values have been impacted as well.  Therefore, there is a good chance that the increase you may experience in real estate taxes is due primarily to your property’s appraised value.  All property owners should review the appraised value which the county has assigned. If you have reason to object to a higher valuation, a complaint may be filed with your county Board of Revision. If you do not receive a bill, you can call your lender, the county treasurer’s office, or a very good source of information regarding real estate taxes and your property in general can be found on the county auditor’s website.  The auditors’ websites for the counties in the greater Cincinnati area are as follows:

Hamilton County – www.hamiltoncountyauditor.org

Butler County – www.butlercountyauditor.org

Warren County – www.co.warren.oh.us

Clermont County – www.clermontauditor.org

Determining a valuation may be simple or very complex.  However, you will want to be prepared before you file a complaint.  The deadline to file complaints for 2014 taxes is March 31, 2015.

At Wood & Lamping, we have experience in dealing with valuation matters with Boards of Revisions in counties throughout the State of Ohio. We welcome the opportunity to be of service.

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    James B. Harrison

    James Harrison practices in the firm’s Business Law Practice Area. He has represented and counseled hundreds of businesses and organizations, including start-ups and emerging growth companies in all aspects of business law, including mergers, acquisitions, sale or other equity events as well as strategy around operations, funding, and exit.

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