property tax appeal Cincinnati

[Kent Hall]

Just curious if any Cincinnati investors have had any luck lowering their property taxes on appeal. Specifically, I am considering working on lowering that expense on a recently acquired small-multifamily in Oakley.

Lots of people seem to talk up the strategy, but I am guessing success is very region/municipality specific.

[Paul Sian]

@Kent Hall I have done it on my personal residence which was in Hamilton County area.  We had it listed at the time for sale at a price lower than the assessed value so it was pretty clear cut and the Board of Review (BOR) did not require us to come to the hearing.  The BOR looks for good evidence that it is overvalued.  As @Kris Wong mentioned if you paid less than the assessed value that should be an easy appeal.  Otherwise I would look to having an appraisal done if you think the value will come in less than the assessed value.