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During the last reappraisal in 2020, residential property values in Hamilton County went up 14% while the average property tax bill went up 6%, according to the Hamilton County auditor and treasurer.
Chances are, your house is worth more and you'll be paying more taxes. Overall, taxes didn't increase anywhere near as much as property values. Tax bills are up in Hamilton County – but not as ...
Experts blame a red-hot housing market for the surge in property values and taxes in Hamilton County, where the typical price of a single-family home reached a high of $288,000 in June last year ...
The amount of property tax is equal to the tax base x the tax rate voted by the municipality. The tax base is equal to 50% of the cadastral rental value of the property (For non-built properties, this tax base is equal to 80%). To this base is then applied the revaluation coefficient. (It stood at 1.012 for 2020).
The most significant portions of the law are the creation of tax classes, the limitation on assessment increases for small homes (1 to 3 family homes called Class 1) and for other residential property with 10 units or less (a subset of Class 2), the setting of an upper limit for the "assessed value" as a percentage of "market value" across the ...
Here's everything you need to know about how to pay and dispute your property taxes in Greater Cincinnati.
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The Hamilton County Commissioners voted for a 10% property tax rollback Thursday afternoon, less than what voters were promised after approving the half-penny riverfront sales tax in 1996.