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Posted by Sgt.Sausage on March 24, 2008, 3:20 pm
> with the housing downturn - I wonder if anyone has gone to their local
> county
> and had their taxes lowered based upon a lower appraised value ?
We're in the process of doing this now. Not for our
residence, but a new office building we just bought.
County had it assesed for $330K ... We purchased
for $225K after it sat on the market for over 2 years.
ORC (Ohio Revised Code) *mandates* that if the sale
was at "arms-length", then the County *must* use the
sale price.
Why we've gotta go through the shenanigans with the
County's "Board of Revisions" when ORC explicitely states
that they've gotta use the sale price -- I have no idea.
Anyway, hearing with the Board of Revisions next month.
Will let ya know how it turns out.
.
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