FOR IMMEDIATE RELEASE

 

Tentative Property Values in the Mail this Week

Auditor Keith Wants Citizen Input on New Values

 

Date:  August 29, 2008                                                    Contact: Faith Dickerhoof
                                                                                                            937-496-7405

Montgomery County Auditor Karl Keith announced today that new tentative property values resulting from this year’s countywide reappraisal are in the mail.  Notices of the new values set by the county will be staggered so that they will appear in local mailboxes over the next three weeks.

According to Keith, these notices begin the phase of the reappraisal process that gives property owners an opportunity to have input before values are finalized.  Property owners who disagree with the new value of their property may schedule an informal review with one of the county’s appraisers. 

“We certainly want to encourage anyone who disagrees with their value to contact us,” Keith said.  “This is a chance for everyone to actively participate in the reappraisal process.”

Informal reviews will be held at 17 different locations throughout Montgomery County over the next five weeks.  To schedule an informal review, property owners may call (937) 278-3800 after they receive their notices.

State law requires the county to conduct a countywide reappraisal once every six years.  Montgomery County’s last reappraisal was completed in 2002.

Additional information on this year’s reappraisal is available on the Auditor’s website at www.mcrealestate.org.

Wind Damage May Lead to Tax Relief

INFORMAL REVIEW LOCATIONS

Date

Informal Review Sites

Address

Sept. 8

Dayton AFL-CIO

4127 E 2nd St., Dayton 45403

Sept. 8-12

Sunrise Center

1320 E Fifth St Dayton Ohio 45402

Sept. 9-10

UAW Local 696

1543 Alwildy Ave Dayton 45408

Sept. 11-12

FROC Priority Board

903 W Fairview, Dayton 45406

Sept. 15-16

Jefferson Twp. Government Building

One Business Park Dr.  Dayton 45427 ( at W. Third and US 35)

Sept. 15-16

Miami Twp. Government Center

2700 Lyons Road, Miamisburg 45342

Sept. 17

Germantown Government Center

75 N Walnut St. Germantown 45327

Sept. 17-18

Centerville Library

111 W Spring Valley Rd., Centerville 45458

Sept. 18-19

Trotwood Community Center

4000 Lake Center Dr., Trotwood 45426

Sept. 22-24

Christ Church UMC

3440 Shroyer Rd. Kettering OH 45420

Sept. 23-24, 26

Kettering REC PLEX

2900 Glengarry Dr. Kettering OH 45420

Sept. 25

Dayton IUE-CWA

1675 Woodman Dr. Dayton 45415

Sept. 25-26

Oakwood Administration Building

30 Park Ave., Oakwood 45419

Sept. 29-Oct 1

Englewood Government Center

333 W National Rd., Englewood 45322

Sept. 29-30

Montgomery County Soil and Water Conservation District

10025 Amity Road, Brookville 45309

Oct 1-3

Huber Heights YMCA

7251 Shull Road, Huber Heights 45424

Oct. 2

Clay Twp Government Building

8207 Arlington Rd, Brookville 45309

 

Values Decline in Urban, Suburban Neighborhoods

By Lynn Hulsey, Staff Writer

Saturday, June 21, 2008

DAYTON - Kymberly Miller isn't surprised that nearly every home in her neighborhood dropped in value this year. After all, it wasn't long ago that she looked out the window at the dilapidated vacant house next door on South Torrence Street and saw a nude couple having sex on the back porch, not exactly a display that makes people clamor to live in a neighborhood.

But housing value declines are not limited to areas such as Miller's Lower Burkhardt neighborhood in East Dayton, where the average value of a house is $32,000, down from $41,000 last year.

Half of the residential parcels in Montgomery County dropped in value, according to Montgomery County's new six-year property reappraisal, which is awaiting final approval from the State Tax Commissioner.

"It is unprecedented," said county Auditor Karl Keith. "As long as I've been here we've never decreased values on tens of thousands of parcels before. Typically residential real estate values appreciate in value."

The total value of non-agricultural property in the county grew an anemic 1.7 percent. Residential property values increased by less than 0.42 percent, compared to a typical increase of 11 percent or 12 percent during a triennial update or sexennial reappraisal by the auditor, Keith said. The flat growth mirrors other counties across the state and reflects the impact of the growing economic crisis, including the slumping housing market, increasing numbers of foreclosures, a credit crunch and job losses.

"Economists are saying we haven't near hit bottom," Keith said. "It's far from over."

To the north in Butler Twp., the quiet cul-de-sac neighborhood of Cricket Woods features large houses and beautifully kept lawns. It's also a place where overall value declined and the average value of a house is now $194,000, down from $223,000.

Nine-year resident Dave Engle said the decline in value is troubling for folks whose primary asset often is their house.

"If you spend $20,000 on a kitchen or bathroom, which is easy to do, will you get your money back?" he said. "In this neighborhood, maybe not

Return