Historic property value jumps to lead to tax spikes for many central Ohio rural residents
Homeowners in several central Ohio counties, like those in Franklin County, are seeing sky-high jumps in property values this year. But because of ...
Homeowners in several central Ohio counties, like those in Franklin County, are seeing sky-high jumps in property values this year. But because of the way property taxes are calculated, those jumps are likely to cost those rural homeowners far more. Four central Ohio counties — Delaware, Licking, Madison and Pickaway — completed full property reappraisals this year, in addition to Franklin County, which reported a 41% jump in residential values. All four found that residential values rose what is thought to be record amounts: 34% in Delaware; 36% in Licking; 32% in Madison; and 34% in Pickaway.