A lot of Hamilton County residents have sticker shock after seeing how much their property taxes have gone up in 2024 — some as much as tripling. With property taxes and the recent reappraisal process being top of mind for local homeowners, Local Initiatives Support Corporation Greater Cincinnati (LISC) will be hosting a webinar on the topic this February.
This webinar, happening Thursday, Feb. 8 from 10-11:30 a.m., will kick off LISC’s 2024 “Housing Our Future” webinar series. In addition to covering the 2023 Hamilton County reappraisal, it’ll also touch on the Board of Revision, tax payment plans, the Homestead Exemption and other resources available that could help homeowners.
The reappraisal process establishes current fair-market value for properties, and those values are based on the recent real estate market, which is currently hot in Greater Cincinnati. According to a report from the Hamilton County Auditor’s Office, Cincinnati’s residential market values rose 34.27% between 2022 and 2023 while Hamilton County’s residential market values grew 34.02% in the same span.
“The change in the value of property is one factor that impacts property taxes. In most cases, levies can also impact taxes. For many homeowners who want to stay in their homes, the increase in property taxes can present a real challenge. For severely cost-burdened households it could even threaten the loss of their home,” reads the webinar description. “This webinar will be an opportunity for homeowners and our agency partners to get a better understanding of the property tax reappraisal process in Hamilton County, how our taxes are used and to help plan for property tax increases.”
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The webinar moderator will be community volunteer and president of The Cincinnatus Association, Rhonda Holyfield-Mangieri. Panelists include Hamilton County Auditor Brigid Kelly; Hamilton County Treasurer Jill A. Schiller; Derrick Mayes, an appraiser and state director of the National Appraisal Bias Taskforce; and Stacy Purcell, staff attorney at Legal Aid Society of Southwest Ohio.
You can sign up for the webinar here. If you cannot attend it live, it will be recorded and posted to lisc.org.
On Jan. 31, Hamilton County Treasurer Jill Schiller released a statement calling on Ohio lawmakers to ease property tax rules:
“I have been hearing from constituents who are shocked by the increases in their tax bills this year. Many live paycheck to paycheck or on a fixed income.
My office has been working to explain the reasons behind the increase and to ease the burden. Hamilton County revalued properties last year as mandated by the State, which led to new valuations that were much higher than before.
While my office acts as an administrative arm of state law, policies such as penalties on late tax payments and due dates are set by the state legislature in the Ohio Revised Code.
That means Ohioans throughout our 88 counties are facing the same predicament. I have been working with fellow treasurers and auditors around the state to ask the state legislature to act to ease the burden for homeowners as their property taxes come due.
I urge people to reach out to their state representatives and senators to ask that they pass legislation that will help them stay in their homes.”
Anyone filing a Board of Revision complaint must do so by March 31. You can find the forms and more information here.
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This article appears in Jan 24 – Feb 6, 2024.
