Government Spotlight 03062024 скачать в хорошем качестве

Government Spotlight 03062024

Local Property Tax Relief Last year, the Franklin County Auditor’s Office announced that the 2023 mass reappraisal would bring an average 41% increase in residential property values. This state-mandated process is intended to keep property values aligned with the current real estate market, and tax rates are adjusted accordingly as a result. But, the reality is that about 75% of all owner-occupied properties in the county saw an increase on their tax bills at the beginning of this year. These increases are being felt throughout the county, but have burdened low- and moderate-income households and those on fixed incomes most significantly. Please join the Columbus Chamber for a virtual discussion and Q&A on how this historical rise in property values will impact our region; what this means for the business community; and what Franklin County officials are doing to support those adversely impacted.