Quick Summary

  • County property taxes have risen dramatically
  • The Board of Revision (BOR) could potentially lower your tax bill
  • Important Deadline: It is important that property owners remember that challenges must be filed between January 1 and March 31.

As residents of Greater Cincinnati, we’ve enjoyed relative stability in property taxes for over two decades. However, 2024 brings a significant shift, with taxes rising for the first time since 1999. This new financial landscape can be unsettling, impacting budgets and sparking confusion. We aim to clarify the situation, highlight potential solutions, and emphasize the valuable role expert guidance can play in mitigating the impact on your finances.

The New Reality: Understanding the Change
The “rollback” policy, in place since 1999, has kept property taxes relatively stable. However, this year, that’s changing. The millage rate increases to 6.1 mills, which translates to an estimated $36 million increase in revenue for the city. While this change aims to address infrastructure needs and essential services, it undoubtedly affects homeowners significantly.

Impact on You: Beyond the Numbers
This rise isn’t merely a statistic; it’s a tangible impact on your financial well-being. Budgets need adjusting, spending might require re-evaluation, and concerns about managing the increased burden are understandable. But remember, you have options.

Exploring Relief: The Board of Revision
Many homeowners may not be familiar with the Board of Revision (BOR). This crucial entity oversees property tax assessments and offers a pathway to contest them if you believe yours is inaccurate. The BOR serves as a platform for potentially lowering your tax bill, but navigating the process can be complex and require specific expertise.

Why Partner with Legal Counsel?
While anyone can file an appeal with the BOR, partnering with a law firm like Godbey Law LLC specializing in property tax matters can significantly enhance your chances of success. Here’s why:

Deep Understanding of Property Tax Law: Legal professionals possess in-depth knowledge of Ohio’s property tax laws and procedures, ensuring your appeal is legally sound and compelling.

Data-Driven Approach: They have the resources and expertise to gather data, analyze comparable properties, and build a strong case for a reduced valuation.

Skilled Negotiation: Attorneys can effectively negotiate with the BOR on your behalf, potentially maximizing your tax relief.

Taking Action:

  • Review Your Tax Statement: Carefully examine your property valuation and tax bill breakdown. Understand the components and identify any potential discrepancies.
  • Research Your Property’s Value: Conduct independent research using comparable sales data and online resources to ascertain your property’s fair market value.
  • Seek Legal Consultation: Discuss your specific situation with a qualified attorney specializing in property tax matters. They can assess your case, guide you through the BOR process, and maximize your chances of relief.

Remember: While the property tax increase might seem daunting, you’re not alone. By understanding the context, exploring solutions like the BOR, and partnering with skilled legal professionals, you can navigate this new financial landscape effectively and potentially minimize the impact on your finances.

Contact Godbey Law LLC today at (513) 241-6650