The 2014 Triennial » Informal Value Reviews


The Franklin County Auditor's Office will be sending out a tentative value mailer in August 2014. This letter will offer the opportunity for a Franklin County property owner to meet with an appraiser to offer additional information pertinent to the value of his or her property.

These Informal Value Review sessions will be take place from Monday, Aug. 25 through Wednesday, Sept. 24. Owners can then present information to support a different value. If you have paperwork to bring forward to justify a possible change in your 2014 tentative value, please bring the suggested information listed below to an Informal Value Review. You can bring one or more of these supporting documents:

  • Any evidence of detrimental property conditions.
  • Any sale of a comparable property in the past two years that is considered an arms-length transaction. Please note that we do not utilize Short Sales, Foreclosure Sales, Sheriff Sales, or any other type of distressed transactions.
  • A property appraisal that has been done within the past year by a certified Ohio appraiser.
  • A copy of the conveyance form and/or the final purchase agreement if you recently purchased the home.

All property values will be finalized in November for use in the December tax billing.

A list of Frequently Asked Questions regarding the Informal Value Review process can be found at the bottom of this page. If you have any questions, please call 614-525-HOME (4663).

We cannot calculate your taxes based on your new value until after the November election results are finalized and the new tax rates are released in December.

The dates, times and locations of these Informal Value Reviews are listed below (all times 11 a.m. to 7 p.m.):

Monday, Aug. 25 and Tuesday, Aug. 26*
Makoy Center
5462 N. Center St.
Hilliard, Ohio 43026

Wednesday, Aug. 27 and Thursday, Aug. 28*
Church of the Resurrection
6300 E. Dublin-Granville Rd.
New Albany, Ohio 43054

Tuesday, Sept. 2 and Wednesday, Sept. 3
First Church of God
3480 Refugee Rd.
Columbus, Ohio 43232

Thursday, Sept. 4 and Friday, Sept. 5*
Dublin Community Recreation Center
5600 Post Rd.
Dublin, Ohio 43017

Monday, Sept. 8 and Tuesday, Sept. 9*
Groveport Recreation Center
7370 Groveport Rd.
Groveport, Ohio 43125

Wednesday, Sept. 10 and Thursday, Sept. 11
Columbus Board of Realtors
2700 Airport Dr.
Columbus, Ohio 43219

Monday, Sept. 15 and Tuesday, Sept. 16*
Grove City Church of the Nazarene
4770 Hoover Rd.
Grove City, Ohio 43123

Wednesday, Sept. 17 and Thursday, Sept. 18
FOP Capital City Lodge #9
6800 Schrock Hill Ct.
Columbus, Ohio 43229

Tuesday, Sept. 23 and Wednesday, Sept. 24
Franklin County Courthouse Auditorium
373 S. High St.
Columbus, Ohio 43215

* - Indicates that a CAUV representative will be available from 5 p.m. until 7 p.m. to answer questions.



Questions

Answers

Q. What is an Informal Value Review?

An Informal Value Review is a forum meant to answer questions on the new property valuations. Property owners are asked to come prepared with documentation regarding specific issues with their new assessments.

Appraisers will take notes as to the property owners' concerns and specifics regarding their property. Each property that had an Informal Value Review will then be reviewed on an individual basis to determine if there is a change of value warranted.

Q. If after an Informal Value Review, the property owner still disagrees with the assessment, what is the next step?

If, after an Informal Value Review, a property owner still disagrees with the property assessment, the property owner may then file an application to appear before the Board of Revision. The Board of Revision will review the application and make a determination as to the disposition of the complaint.

The property owner may request mediation in an attempt to resolve the dispute by telephone before a formal hearing before the Board of Revision is scheduled. Sometimes the case will be assigned to mediation to handle the matter by phone.

Q. How does a homeowner apply for an appeal with the Board of Revision?

Applications will be available starting December 2014 in the Franklin County Auditor's Office or online at www.franklincountyauditor.com. All applications are due to the Franklin County Auditor's Office no later than March 31, 2015.

Q. What are the suggested steps in the Informal Value Review process?

Step 1: Before coming to the informal value review meeting, you may want to take a few minutes to:

  1. Look at the new market value on your value change notice and ask yourself, "Is this a price at which I could reasonably be expected, and able, to sell my property?" "Is it too high?" "Is it too low?"
  2. Check with local real estate agents about property values in your area. Ask them the price they might put on your property if you were putting it on the market.
  3. Check with the Franklin County Auditor's Office for the sale price for homes in your neighborhood. (This information can be found on the Real Estate Page on www.franklincountyauditor.com by clicking "Area Sales Activity.") Determine which properties are most like yours. This gives you an idea of marketplace reality.
  4. Seek an appraisal/professional value of opinion.

Bring this information with you to the meeting.

Step 2: If you disagree with the new market value that is on your value change notice, you may also bring with you:

  1. Recent color photographs of the subject property.
  2. Summary pages from properties in neighborhoods similar to yours that have sold during the past two to three years.
  3. If you have recently had your property for sale, bring evidence of any listings or offers that were made.
  4. If you already have one on hand, a property appraisal that is under one year old, and that was performed by a certified or licensed appraiser.
  5. If you recently purchased the home, a copy of the conveyance form and/or the final purchase agreement. Note that we do not accept transactions such as foreclosures, sheriff sales, or any distressed transaction.

Please submit copies of your documentation as the documents submitted will not be returned.