Attention property owners: Now is the time to challenge your Lucas County Toledo Ohio property taxes.
Homeowners in Lucas County Ohio now is the time to challenge your property tax valuation. A dispute form for the current year can be submitted to the Lucas County Auditor's from now until no later than April 1, 2013.
The current market has dictated lower values for many properties than those that are reflected on your latest tax bill.
You have the opportunity to challenge the value of your Lucas County real estate at this time. The process is easy and the form(s) are available online at http://www.co.lucas.oh.us/index.aspx?nid=369. You must provide a valid reason for your dispute siting recent sales of comparable properties or providing a professional appraisal or a copy of your HUD1 settlement statement from a purchase made in the last year.
Property tax valuations are not necessarily a market value of your property, although that is the goal of the Auditor's office to stay as current as possible. You may be being over taxed however, if your property is appraised at a higher value than its current market value.
Seller's please do not be confused by the fact that by lowering your tax valuation with the county that you will be lowering the market value. If you are being taxed on a higher than market value it does not mean that is what you should expect to get when selling the property. Bottom line is that the market dictates the value of your property so why pay taxes on a higher valuation. By adjusting your county tax valuation to be in line with the market, you may well be attracting additional buyers, due to having a more attractive tax bill than a property that is not in line with the market.
Should you have questions regarding the current market value of your property, I would be happy to assist you with a FREE market analysis.
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