Home values in Franklin County have been a huge issue over the last couple of years, primarily due to inconsistent and inaccurate valuations made by tax assessors. Because of this, homeowners have sought out options to contest the valuations. The Board of revision will review the valuation of your property and reach an agreement through mediation.
All hearing and decision letters will be sent to the homeowner's last known address, usually the property address in question, however, rental properties are also included. Once the homeowner receives the letter they must prepare for the hearing. Continuances are not granted just because you are not ready. If a party fails to appear at their hearing, the Board of Revision will make their decision based on any evidence presented, which is primarily just from the tax assessor.
Once a homeowner has filed a complaint, they may withdraw that complaint by filing a notice of withdrawal in writing with the Clerk of the Board of Revision. If the Board of Education has been notified they still may be able to hear the case if they choose. This would add more to the evidence and provide more data for future valuations. All decisions by the Board will be put on record and copies of that decision mailed to all parties involved.
Decisions of valuation changes are held for 30 days pending an appeal. Once time runs out, if no appeal is filed, adjustments will be made and a refund or credit could be issued if the valuation reduction is granted.
So who is this Board and are homeowners simply subject to their decision? The Board of Revision is a three-member property valuation review panel consisting of the County Auditor, the County Treas., and a member of the Board of County Commissioners. Their primary purpose is to review any valuations of real property for the tax year in question. They consider all available evidence that supports a complaint from the homeowner and will make a fair review of the property valuation.
Mediation provides an opportunity between independent and neutral parties to facilitate communication and negotiation between the tax assessor and homeowners or complainants. This mediation happens outside of a hearing process but the board must still approve any stipulation reached by the mediator during a mediation.
Again, this is for Franklin County surrounding the Columbus Ohio area, but, mediation and valuation revisions are pretty common in a lot of counties across the country. For more information on Franklin County contact the Franklin County real estate division by calling 614-525-4663 or visiting FranklinCountyauditor.com.
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