Average residential property values in Hancock County increased nearly 8 percent in the latest six-year revaluation, County Auditor Charity Rauschenberg’s office said Monday.
Real estate taxes are on based on property values.
Rauschenberg said the new property values for the 2016 tax year are open for inspection. They are on the auditor’s website at http://regis.co.hancock.oh.us.
This is the first countywide increase in residential property values since the 2007 flood, the auditor’s office said.
The countywide average does not mean all property values have increased.
There are several market areas where market values have decreased or remained the same, the auditor’s office said.
The new values are based on property sales, both decreases and increases, that occurred from Jan. 1, 2013, through Dec. 31, 2015.
There will be an informal period for the public to review individual property values with auditor’s office staff and appraisers, through Sept. 30. The auditor’s office is open from 8:30 a.m. to 4:30 p.m. Monday through Friday. Property owners can check their property’s information for accuracy.
In addition, evening hours will be held at the Findlay-Hancock Public Library from 5 p.m. to 8 p.m. today, and 5 p.m. to 8 p.m. Sept. 28.
Attending such a session helps ensure the accuracy, fairness and equity of the six-year revaluation, the auditor’s office said.
The state has tentatively approved the county’s new real estate market values for the 2016 revaluation.
“Final value adjustments are being made to ensure the revaluation information reflects the property accurately,” the auditor’s office said. “This is the opportunity for the public to provide feedback about the new tentative market values on residential properties.”
For more information, call the auditor’s office at 419-424-7015.