Huber Ridge Area

New House values

Posted in: Huber Ridge Area

Thank you for all the information.  I still love my house and I'm going to proceed with improvements, as at least I can enjoy them while I am here! And it certainly can't hurt with any future plans, either. And I have great neighbors, too!!

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  • bambi
  • Respected Neighbor
  • Blendon Township, OH
  • 337 Posts

Our home value went down $23,000 - sixteen percent.  While this is timely for our budget, I am not happy with the downturn.  As a community, we are now listed as "stable" as compared to the former status of  "improving." Not surprising, but very disappointing.

 

As a resident of twenty plus years, our home has had a lot of improvement.  It still needs to be improved; I know that and I try.  It takes a lot of work, but I am committed to being a good neighbor in this regard.

 

I encourage all of us to do do our part to improve our property.  Money is not always the answer - good old fashioned elbow grease works, too.  I pray (truly) we all take pride in our homes and our community.

 

And for those who need help because they may not be able to physically care for their home, please let me know.  I will try to connect you with a service group.

 

Pam Clegg, neighbor, Makassar

 

I also pray our leaders will do their part in helping us and our communities.

Me again-I did notice that the articles on this increase do not seem to preclude that we will pay much lower taxes-from the Auditor' website:

 

Q. Will my property taxes go down with a reduction in property value?

If your value decreased more than the average decrease for your tax district, you will see a reduction in your tax bill. You will not however see a percentage decrease in your tax bill equivalent to the percentage decrease in your value. It will be a smaller amount.

Until election results are certified by the Board of Elections, information pertaining to your tax calculation will not be available until December.

 

Westerville News and Public Opinion, August 21:

Property tax effect

Mingo cautioned homeowners that just because the county's valuation of a home decreases by 20 percent, it doesn't mean that property taxes follow suit.

Thanks to House Bill 920, homeowners and taxing entities are protected from the ever-changing housing market, he said.

In 2005, the last time Franklin County properties were appraised, there were increases. Tax bills didn't increase then because that would put a burden on the homeowner, so they stayed steady because of HB 920. Mingo said the bill works in reverse as well, to protect agencies that receive taxes based on real estate appraisals.

 

Oh well.  I still love my house...

 


 

  • Avatar
  • bambi
  • Respected Neighbor
  • Blendon Township, OH
  • 337 Posts

Thanks, neighbor!  This is very good information.

 

Pam Clegg

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Blendon Township, Ohio 43081