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Lawrence County
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Jason C. Stephens

Lawrence County Auditor
Auditor Portrait
Address: 111 S. Fourth St.
Ironton, OH 45638
Hours: Mon-Fri, 8:00AM-4:00PM
Real Estate: (740) 533-4310
Fax: (740) 533-4381
Email: ckline@lawrencegov.org

Press Release: 2016 Tax Year Reappraisal

IRONTON, Ohio (Dec. 3, 2016) – Lawrence County Auditor Jason Stephens announced today that the Tax Year 2016 Revaluation Project is complete and that the total assessed property value for Lawrence County for Tax Year 2016 is $1,242,815,920.   The county’s total assessed property value has increased $203,954,390 or 19.63% over the 2015 assessed property values.

Well over half of the increase is due to Public Utility assessed property increasing by $129,623,590 to $328,724,460 (a 65.10% increase).  Residential Property’s assessed property value increased by $58,269,860 in 2016 to $693,144,280 (an increase of 9.18%).

Agricultural Property’s assessed value in 2016 grew by $9,236,190 to $105,540,880 (a 9.59% increase).

Commercial and Industrial Properties increased in value by $6,007,220 and $978,770 (increases of 6.75% and 5.15%, respectively).

(To see a more detailed breakdown of the values and taxing entities throughout the county, click here)

 

TOTAL COUNTY-WIDE ALL PROPERTY CLASSES

 

2015 Value

2016 Value

Change $

Change %

Residential Property

$634,874,420

$693,144,280

$58,269,860

9.18%

Public Utility Property

$199,100,870

$328,724,460

$129,623,590

65.10%

Agricultural Property

$96,304,690

$105,540,880

$9,236,190

9.59%

Commercial Property

$89,046,860

$95,054,080

$6,007,220

6.75%

Industrial Property

$18,988,720

$19,967,490

$978,770

5.15%

Mineral Property

$545,970

$384,730

($161,240)

-29.53%

County Wide TOTAL

$1,038,861,530

$1,242,815,920

$203,954,390

19.63%

*The inflation rate according to the US Bureau of Labor Statistics since the last full reappraisal in 2010 was 10.86% (http://www.bls.gov/data/inflation_calculator). 

According to State Law in Ohio, county auditors are required to do a full general reappraisal every six years.  That general reappraisal was due for Tax Year 2016 in Lawrence County. The auditor (or his qualified appraiser(s)) is required to view and appraise every property in the county for this purpose.

As part of this revaluation process, over the past two and half years, the Lawrence County Auditor’s Office and its appraisers have reviewed the county’s 55,394 parcels of land, taking over 79,500 pictures of structures on the 25,969 of those parcels that have improvements.  The auditor’s office updated 14,508 of those parcels to reflect improvements or additions since 2010 and included those changes into this year’s revaluation, Stephens said.

In addition to the improvements or additions, the Auditor’s Office and its appraisers also analyzed local real estate market conditions by breaking down Lawrence County’s 39 unique taxing districts into 594 specific neighborhoods, Stephens said.

Stephens said, “The changes to property values were targeted to more accurately reflect the real estate market in these specific neighborhoods by focusing mainly on the location, age, and type of construction.”

“The market conditions for each neighborhood were determined by analyzing arms-length real estate sales in those neighborhoods from the last 3 years (with more emphasis given to the most recent sales). Those conditions were used to determine the tables that are applied to the structures and the land types.  These tables are used in determining the square footage rates (based on type of construction) and the depreciation rates (based upon the age of construction) to ultimately develop the new value for a home or building.”

Stephens said that the new values for each parcel are available at the Lawrence County Auditor’s Office or may be accessed on the Auditor’s website (www.lawrencecountyauditor.org).   “When accessing the property on the website it is important to check the ‘Comments tab’ to see possible explanation of changes in values such as structures or additions that may not have been listed previously on the tax books,” Stephens added.

“If you disagree with your value, you may file an appeal of value to the Lawrence County Board of Revisions,” Stephens said.  Board of Revision appeals must be filed in the Auditor’s office between January 1, and March 31, 2017.

“It really is a fascinating process and a huge assignment to determine a fair market value on over 55,000 parcels of property at one time. We did our best to infuse new technology to more efficiently and effectively accomplish the required task,” Stephens said

“In order to be fair to all taxpayers, we let the numbers and the market drive the results of this revaluation,” Stephens said.



2017 Dog Licenses are now available online at http://www.doglicenses.us/oh/lawrence/


Remote Vendors for Purchasing Dog Tags

If you do not wish to purchase a 2017 dog tag online or at the Auditor's Office, Please click HERE to view a list of Remote Vendors where tags may be purchased.

The Neighborhood Approach in the 2016 Property Revaluation

Every six years, the state of Ohio requires every county auditor to determine property values for taxing purposes. In years past, the Lawrence County Auditor’s office was faced with broadly applying changes with across-the-board increases in property values for an entire township, or even a county-wide blanket increase to establish property values for tax purposes.

However, this year by implementing new technology, the Auditor’s Office was able to analyze and reflect local real estate market conditions in the valuation of properties more precisely by breaking down Lawrence County’s 39 unique taxing districts into 594 specific “neighborhoods”. The changes to property values were targeted to more accurately reflect the real estate market in these specific neighborhoods by focusing mainly on the location, age, and type of construction.

The market conditions for each neighborhood were determined by analyzing arms-length real estate sales in those neighborhoods from the last 3 years (with more emphasis given to the most recent sales). Those conditions were used to determine the tables that are applied to the structures and the land types. These tables are used in determining the square footage rates (based on type of construction) and the depreciation rates (based upon the age of construction) to ultimately develop the new value for a home or building.

In order to more easily understand the county revaluation as a whole, imagine the real estate values as a pyramid, with the 55,384 individual parcels being the base of the pyramid, the 594 specific neighborhoods being the second level, the 39 unique taxing districts being the third level, and finally the county overall being the top level.

For example, even though the county’s overall residential market values (the top level of the pyramid) may have increased a certain percentage, each of the 39 taxing districts (the next level down) will see a different percentage change, while each of the 594 neighborhoods (the next level) will see yet a different percent change, and finally each of the county’s 55,384 parcels (the base level) will see a different percent change in value as well. This valuation illustration will be true for each of the different types of properties throughout the county (Residential, Agricultural, Mineral, Commercial, Industrial, & Public Utility).

What all this means to you as a property owner in Lawrence County, is the value of your property in the Auditor’s Office will most likely change this year. Our goal is to accurately reflect the real estate market conditions of Lawrence County, and apply those conditions fairly to each parcel of real estate.

Within the next few weeks, the property values for the Tax Year 2016 revaluation will be posted on our website at www.lawrencecountyauditor.org.

If you disagree with your property’s new value, you may file an appeal of value to the Lawrence County Board of Revision. Board of Revision appeals must be filed in the Auditor’s office between January 1, 2017 and March 31, 2017.



GIS parcel shapefile last updated 12/9/2016 1:28:34 AM.
CAMA database last updated 12/9/2016 2:04:23 AM.