Earlier this week, we learned that the State of Ohio had denied requests from several Ohio County Auditor’s, including Franklin County, to delay the Sexennial Reappraisal or the Triennial Update (Property Valuation Update).
Under state law and Department of Taxation rules, real property in all counties is reappraised every six years and property values are updated in the third year following each sexennial reappraisal. Currently there are forty-two counties in Ohio which fall under the 2020 three year update or sexennial reappraisal, including five Counties in Central Ohio (Delaware, Franklin, Licking, Madison & Morrow). The requests to delay were based on COVID-19 related economic uncertainties, a rising unemployment rate and unpredictability among residential and commercial property owners.
His request denied, Franklin County Auditor Michael Stinziano is moving ahead with the triennial update of property values, even though he believes more time would have been helpful for residents and the process.
Columbus REALTORS® conducted a Government Affairs Forum today with Auditor Stinizano to discuss the Triennial Update, among other issues. Following is information from today's presentation.
View the slide deck from Auditor Stinziano's presentation.