Posts from May 29th, 2019

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/