Property valuations always cause stir

Huron County Auditor Roland Tkach knew he would hear from county residents once property valuations were mailed recently.
Scott Seitz2
Sep 19, 2012

Huron County Auditor Roland Tkach knew he would hear from county residents once property valuations were mailed recently.

Tkach said Tuesday he wasn't disappointed.

"Many people feel as though their value went down a little too much," he said. "And many people feel their value went up a little too much."

Tkach said, as a whole, residential values went down, while agricultural values were up.

"Stay tuned for what all this means for the school districts," Tkach said, adding he's working on that final analysis.

Each property was viewed, with pictures taken throughout the county.

"We looked at the street view, the aerial view, the property record card and data mailer," Tkach said.

"We're looking at every one of them," Tkach said, adding each property is its own individual entity.

"This is not a perfect process," he said.

That process is part of the six-year reappraisal.

Overall, residential land was down on average almost 12 percent, while residential buildings were down nearly 9 percent.

Industrial land was down 3.8 percent and industrial buildings were up 2.4 percent.

"The Clarksfield grain bins had a major impact on the industrial buildings," Tkach said.

Commercial land was down 5.3 percent and commercial buildings were down 4.5 percent.

Agricultural land was up 172 percent, while agricultural buildings down 3 percent.

Tkach said there's a complicated formula set by the Ohio Department of Taxation that determines the valuation of agricultural land. Tkach added it wasn't a big surprise the valuations jumped so high.

"There have been people who have said these values are not fair and they have come into the office," he said. "These values are not final and will not be final until the end of October or November.

"If someone has a question they can come into the office or make an appointment," Tkach said. "We want to make sure everyone is handled fairly.

"We knew there would be questions because this is not perfect," he said. "We want it to be fair and get it right the best we can."

Tkach said he's talked to local Realtors about the valuations.

"This has created a lot of phone calls to Realtors who are helping people understand their values," he said.

Tkach said some residents aren't happy if their value went down while they're trying to sell their house.

"We want to look at everyone," he said. "The value of county properties change everyday. It's fluid."

Comments

StuHart

It's good to know the economy rebounded as a value of a home I have about doubled according to the county in the last 3 years. I told the auditor it might be worth that much, if there was $50k in treasure buried beneath the basement.

LCP88

I am glad my taxes will drop on my residence, since the value fell $37,000, since the last tax appraisal, and we even remodeled and put new roofs on every building on the property! So thanks for the tax break on my residence, Now the other shoe got a lift in value, our rental property a modular increased way too much, and so did our land locked river property. Guess if they give you one tax burden Break! They will give you a tax burden on the others, Still over all I am down $30,000.00 in tax value I have to pay for! Glad I have no plans on selling anytime soon!

Windy

If you dont' agree with your tax appraisal, do what the Reflector said Carl Essex did and don't pay them while claiming "civil disobedience". As the old saying goes, what's good for the goose is good for the gander! http://www.norwalkreflector.com/...

Whitebuffalo

Hmmm...I think you have to be a public employee with friends in high places to pull that one off. Otherwise, the sheriff shows up to auction your place.

Guy on a Buffalo

Any good Realtor worth his/her salt will tell you a government tax appraisal is NOT the same as a market appraisal. Historically the government has come in well below market value. Your home is worth what others are willing to pay for it, not what the tax evaluation value is. My value is $40,000 below market value, and I just had a market appraisal completed 15 days ago.

And remember - you are not underwater unless you try and sell and can not get the amount you owe.

hit the road jack

You had better turn yourself in! you aren't paying your fair share,a lot of people I know bitch about the opposite,county has theirs over valued,mine? I think mine are over valued too and I will be at auditors office to take it up too.

Contango

@ GOAB: So your attitude is: Be grateful that the govt. doesn't tax you more?

Market values also matter if the homeowner is trying to qualify for a mortgage refi or a HELOC.

It ain't just the value of housing that's been declining, it's also the steady loss in the value of the U.S. dollar thanks to the Federal Reserve's ZIRP.

It's taking more dollars every yr. to pay taxes and daily living expenses for working families and those on fixed incomes.


The govt. is printing it's way out of debt, much to the detriment of the standard of living of it's citizens.

Google the following: "As Low Rates Depress Savers, Governments Reap Benefits"

mister wizard

More Obamanomics at work !

Swamp Fox

Guy on Buffalo, caution if a realtor did the market appraisal, that they didn't tell you what you wanted to hear, not what you needed to hear just to get the listing. Different certified appraisers may appraise a property at far different financial values. Many more realistic realtors and appraisers are using the auditors values as a base to reflect the the massive lose of value we have had over the last 5 years. When you see your home remember to need to sell it twice, once to a qualified willing buyer and then to a mortgage lender.

Whitebuffalo

Interesting.

OneLocalVoice

I don't like paying taxes more than anyone else, but I like even less losing $20,000.00 overnight in my property value just to save a couple hundred dollars a year in property taxes. When I went on the Huron County Auditor's website to check the values of my neighbors' properties I discovered that while my property value along with a few of my neighbors' values went down an average of $20,000.00+, some of my other immediate neighbors saw significant increases to the point where their homes now appraise $20,000.00+ more than those of us whose home values went down. I can't figure it out since those homes that decreased in value are some of the largest in our development and all with storage barns/sheds (which the others do not have) and are anywhere from 400-600 sf larger in living space. Added to this is the fact that all the homes on our street were built within 5 years of each other and are of the same general construction. The appraisers the county hired can't be this bad, or can they?

Final thought: The reduction in the value of your property may not be worth the savings you get in taxes. In my case the annual tax savings is $269.45. This means that it will take me 75.34 years to recoup my $20,300.00 loss in home value. THINK ABOUT IT!!!

arnmcrmn

A major problem we are facing also is not only are existing homes being devalued, but new homes are as well. Build a new home for 300K and the following year its appraised for 250K = negative equity.

I think builders will really have a tough time selling a new home build these days because of what I explained above. 1 of two things will have to happen...builders drop their building price or housing values go back up......neither will happen soon.