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1. How does the county determine property value?

The county appraises property utilizing mass appraisal methods. Data is gathered on each property and a table is developed to determine value. The accuracy of the tables are tested by looking at actual sales to determine table adjustment.

2. How often are property values updated?

A trienniel property value appraisal occurs every three years. During the trienniel process, the appraisal is conducted through software and does not include a visual appraisal. The software compares values of sold homes by geographic area. On the sixth year, the state requires a revaluation of all real property. The county is required to visually inspect each property to determine the real property value. Greene County completed the 2014 revaluation and is concluding Board of Revision hearings. The next revaluation will be conducted in 2020.

3. What can I do to ensure my value is correct?

The revaluation is significantly impacted by real estate sales in a particular area. It is important for property owners to check their property data to ensure the information the county has is correct. Also, you can look at what sales of similar homes in your area are to help determine if your value is correct.

4. I think the auditor's appraisal value is too high for my property. What are my options?

The appraised value set by the auditor's office is an important part of the property tax calculation. If you feel the appraised value is too high, a complaint can be filed with the Greene County Board of Revision. Board of Revision complaints must be filed between January 1 and March 31.

Please visit the Board of Revision Process page for more information.

5. There are several foreclosure sales in my neighborhood, what is the impact on my property value?

The State of Ohio does not allow our office to use foreclosure sales in our analysis because they are not considered arms-length sales.

6. If my property value is decreased, does that mean I will see a reduction on my taxes?

There is no dollar-for-dollar correlation between the decrease/increase in appraised value and taxes. Your appraised value multiplied by the voted levies equal your generated taxes. Most tax rates are adjusted each year to ensure they generate the amount of revenue they generated in the previous year.