‘Facts, fiction' about property revaluations
Kaitsa The Berlin Township website has posted 'Facts and Fiction' information about upcoming property revaluations from Delaware County Auditor Geo...
Kaitsa The Berlin Township website has posted 'Facts and Fiction' information about upcoming property revaluations from Delaware County Auditor George Kaitsa. The document notes taxes will not increase by the same amount as the property values. For example, 'A 35% increase in home values for homes located in the Olentangy Local School District will result in approximately a 4% increase in property taxes,' Kaitsa writes. The Ohio Department of Taxation administers a 'Tax Reduction Factor,' which 'lowers the effective tax rate for voted levies to offset the increase in property values,' Kaitsa said.