DAYTON — Initial proposals for property value increases in Montgomery County were rejected by the Ohio Department of Taxation, resulting in anticipated increases more than double what was shared with residents in the summer, Montgomery County Auditor Karl Keith said.
Montgomery County submitted a proposal of residential property value increases of 7.4 percent in July, however the state rejected that after the state said it anticipated the percentage being closer to 18 percent, Keith said Thursday.
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Since that rejection, the state and county have agreed on a 15 percent increase for residential properties, which could mean some residents will see spikes in their property tax bills come January.
“For some homeowners that’s going to be true,” Keith said. “It won’t really be clear to people until tax bills go out.”
Property owners will receive a letter in the mail informing them of the new property value by the end of this year.
Montgomery County isn’t the only county locally that will see double-digit percentage increases in residential property values. Preble County will see a 17.5 percent increase, Darke County a 16 percent increase and Greene County a 15 percent jump, Keith said.
Residents do have the opportunity between January and March to appeal their property value, Keith said.
The auditor said the reappraisals are part of his office’s revaluation for the year 2020, which is something he tried to delay earlier this year due to the coronavirus pandemic.
“We felt like it was an appropriate thing to just delay this,” Keith said.
Clark, Miami and Warren counties are among the counties in the state that did not reevaluate property values this year.
Keith said when his office reached its initial 7.4 percent increase proposal, it used the last three years of home sales to reach the percentage. However, he said the state only used 2019 data, which is the reason for the spike.
Cox Media Group
