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Updated about 6 years ago,
Property Value Appeal for Taxes
Hey everyone,
I have a duplex that is in a Cincinnati, OH area that has had significant growth over the last 7 years. In 2017 my property tax valuation went from $110,000 to $185,000 which of course created quite a hit to cash flow. Unfortunately I was living out of the country during this time and didn't have a chance to appeal.
I have a few questions:
1. My understanding is you can appeal anytime. Is this true? Are there limitations on when you can do it?
2. Is finding legal representation "mandatory" or just depends on the situation?
3. If current duplex houses in the area are selling in the $225k range would I even have a leg to stand on?
4. What kind of information would you need to bring to justify a reduction in property value?
Thanks in advance! This is one of the expense areas I've been looking to reduce just as I would insurance, maintenance, etc.