CINCINNATI — Hamilton County homeowners should expect eye-catching mail in the coming weeks: residential property values rose an average of 27 to 28 percent in the county’s latest triennial reassessment, the Hamilton County Auditor’s Office found, according to the Cincinnati Enquirer.
About 99 percent of single-family homeowners will see their home’s assessed value increase, auditor’s office spokesperson Connor Moreton said in a release, the Enquirer reported. Commercial and industrial properties rose an average of 22 percent, and agricultural properties rose an average of 31 percent. The increase is steep, though smaller than the average 34 percent jump in the county’s last full revaluation in 2023.
Ohio law requires counties to update every property’s fair market value every three years. Hamilton County alternates between a full reappraisal, when assessors examine each property individually as they did in 2023, and a triennial update like this one, a statistical review of more than 350,000 parcels based on recent sales, according to the Enquirer…