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Updated over 1 year ago on . Most recent reply presented by

User Stats

57
Posts
35
Votes
Karl Kauper
  • Investor
  • Tinton Falls, NJ
35
Votes |
57
Posts

Disputing a Property Tax Assessment in Euclid, OH

Karl Kauper
  • Investor
  • Tinton Falls, NJ
Posted

Can anyone advise how easy/difficult it is to successfully dispute a property tax assessment in Euclid, OH? My 2022 taxes were $32k. The building right next door to mine pays $25k even though it is very similar in style and condition but far larger in every way (twice as many units as mine, almost twice the land acreage and building square footage). I purchased my building in 2021 for more then $300k less than the other building sold for in 2016. I've looked at the tax records of a few other "comps" in Euclid, and they all are paying significantly less in taxes relative to their building/lot size and number of units, etc. A 16-unit not far from mine (same town/county) with more square footage and a bigger lot size pays $19k. By comparison to every comp I look at, my taxes seem ludicrously high. Thank you for any insight you can give! - Karl

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