For those who just purchased a home in 2023, the real estate tax bill can be a bit confusing. It is likely that if you just bought a home this year that you received a property tax proration credit at your closing. This means that the seller paid for their time of ownership to you in the form of a credit. The title company or closing firm may have given you a check for the property taxes or more likely they gave you a credit which would reduce the money you needed to bring to closing. I mention this because it … (1 comments)
property taxes: Are you surprised at home much your real estate taxes increased?
- 02/09/21 07:18 PM
There are a lot of Knox County Ohio homeowners who have been very surprised by the increase in their most recent real estate tax bill. The majority of Knox County Ohio has gone through a real estate re-appraisal process which takes place every 3 years. The Knox County Ohio real estate market is very different today than it was 3 years when they had previoulsy updated our property values. Home pricing throughout Knox County Ohio is higher today, the availability of homes for sale is lower and the buyer demand is stronger than ever and that is partially being driven by … (4 comments)
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