Potential tax relief for storm-damaged property owners May 28, 2019 In the wake of this week's devastating inclement weather, Ohio REALTORS wish to highlight a state law (ORC 319.38) which gives County Auditors the authority to reduce the value of properties that have suffered damage or been destroyed. A reduction in property value could result in lower real estate taxes for the property until it has been restored to its prior condition or value.   Property owners must apply for a valuation deduction by completing a form supplied by the County Auditor's office.

This content is copyright 2019 Ohio REALTORS. Read more at: https://www.ohiorealtors.org/blog/1117/potential-tax-relief-for-storm-damaged-property-owners/

 The pace of homes sold across Ohio in April increased 4.5 percent from the level posted during the month a year ago, according to Ohio REALTORS. "Activity in April was extremely robust across the Buckeye State, as our sales totals increased to start the traditional spring home buying season," said Ohio REALTORS President Anjanette Frye. "Equally important, the marketplace achieved a continued, steady rise in the average sale price, an indication that housing is a solid, long-term investment. "The profession is hopeful that we'll see an uptick in the number of homes being marketed for sale, a key factor in ensuring that the momentum we've attained continues," Frye added. April's average home price of $188,953 reflects a 5.6 percent increase from the $178,909 mark posted during the month last year. Sales in April reached 13,836, a 4.5 percent increase from the 13,235 level during the month a year ago. Through the first four months of the year, home sales activity in Ohio nearly matc...

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