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Home > Blogs > Butler County News and Issues > Archives > 2008 > September > 03 > Entry
Reynolds: Property taxes going down
HAMILTON — Butler County Auditor Roger Reynolds announced today, Sept. 3, that the average local homeowner will soon see his or her property taxes decrease.
Appraised property values are down countywide, Reynolds said, following a countywide re-appraisal conducted every three years and approved by the state this week.
This is a departure from previous estimates that property values may go up an average 6 to 9 percent countywide.
The county tweaked the formula this year to get this decrease, looking at 2006 and 2007 numbers but ignoring 2005, when the housing bubble was still inflating.
Reynolds said commercial growth is offsetting this housing decline to keep government coffers full. If that weren’t the case, tax millages would go up as home values declined.
“Although we’re seeing just like everyone else (in Ohio) a reduction in residential values, our tax burden is being offset by a commercial growth to our tax base,” Reynolds said. “That gives a relief to our taxpayers.”
The amount of home value decreases vary dramatically from area to area and house to house. In general, Middletown is seeing the largest home value and decline and Oxford is seeing the least decline.
Reynolds is scheduling town hall meetings across the county to explain the numbers to homeowners. Here is the schedule of those:
All meetings are 7-9 p.m., except for Middletown meetings, which are 6-8 p.m.
Monday, September 8, 2008
- Ross High School - Auditorium
- 3601 Hamilton Cleves Road
- Ross, OH
Wednesday, September 10, 2008
- Liberty Twp Administration Building
- 6400 Princeton Road
- Liberty Twp, OH 45011
Monday, September 22, 2008
- Hamilton Freshman School - Auditorium
- 2260 NW Washington Blvd.
- Hamilton, OH 45013
Wednesday, September 24, 2008
Middletown Senior Center
- Conference Room
- 3907 Central Avenue
- Middletown, OH 45042
Tuesday, September 30, 2008
- Fairfield Community Arts Center - Community Room
- 411 Wessel Drive
- Fairfield, OH 45014
Wednesday, October 1, 2008
- West Chester Twp Hall - Township Hall
- 9113 Cincinnati Dayton Rd.
- West Chester, OH 45069
Thursday, October 2, 2008
- Lebanon Citizens National Bank - Oxford
- 30 Park Place
- Oxford, OH 45056
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