Lawrence County Auditor Report on the 2013 Triennial Update
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Every six years, the state of Ohio requires the county auditor to appraise every parcel in the county in order to determine property values for taxing purposes. In between these six-year appraisals, the county auditor is also required to perform a “triennial update.” The triennial update is a statistical approach to valuing property rather than reviewing every single parcel in the county like the full six-year reappraisal. In 2013, Lawrence County was required to complete this triennial update.
In years past, the auditor’s office was faced with broadly applying changes in the triennial update with across-the-board increases in property values for an entire township, or even a county-wide increase. However, this year due to recent technology improvements in the auditor’s office, we are now able to better analyze the real estate market conditions in comparison to the valuations on the tax books.
As a result, the changes in the triennial update have been applied to more accurately reflect the real estate market in specific neighborhoods. The areas of the county affected most by the 2013 triennial update include: several neighborhoods in the City of Ironton, where parcels increased 2%-11% in total value, certain areas in Rome Township, where some parcels increased 4%-5% in total value, parts of Union Township (Chesapeake School District) where values increased 3%-5%, and other parts of Union Township (Fairland School District) where, instead of a percentage change in value, neighborhoods were re-aligned, better equalizing the values of like properties.
Also impacting the triennial update across the county is the Current Agricultural Use Valuation Program (CAUV). This is a state program designed for farmland to reflect its value based on its agricultural use. CAUV value is mostly determined by the soil types and productivity of the land. The State of Ohio dictates the value of property on the CAUV program by a formula that is used state-wide. Therefore, land owners in Lawrence County who are on the CAUV program will see this increase in their property values as dictated by the State of Ohio.
In addition to the triennial update, new construction and previously omitted property are added to the tax books each year. In 2013, new construction and previously omitted property combined to account for a significant portion of the overall increase in the county’s tax base.
The combination of the above factors caused the entire tax base in Lawrence County to grow from $2,533,303,090 in tax year 2012 to $2,611,152,060 in tax year 2013, an increase of $77,848,970 (about 3% overall). The triennial update and reappraisal changes totaled $25,240,740, Current Agricultural Use Valuation (CAUV) property values increased $22,536,690, and new construction combined with previously omitted property accounted for $30,071,540 of the county-wide increase in property values for tax year 2013.
If you would like to know your property’s value for 2013, please visit our website at www.lawrencecountyauditor.org. If you disagree with your value, you may file an appeal of value to the Lawrence County Board of Revisions; however, the Board of Revision has no authority over the CAUV values, or over property tax amounts. Board of Revision appeals must be filed in the Auditor’s office by March 31, 2014.
Hopefully this report has given you some useful information about the current status of the tax base in Lawrence County. My goal, as your county auditor, is to comply with state law and accurately reflect the fair market value of your property, and your neighbor’s property on the county tax books. If you have any questions, please feel free to contact my office.