Ohio Commercial Real Estate Owners Should Prepare for Assessment Increases Across All Industries

Reassessment notices have been sent to 41 out of the 88 counties in Ohio covering major areas, including Columbus, Cincinnati, Dayton, and Akron. Commercial property owners across every sector have experienced significant increases in property valuations. The experts at Ryan see the below average increases in Franklin County and anticipate similar numbers across the state:

While informal hearings have already taken place, property owners still have time to submit an appeal. The official appeal deadline for the 2023 revaluations is April 1, 2024. Ryan has a local team of experts that possesses extensive knowledge and experience in navigating Ohio’s complex property tax system. We can offer valuable insights on exemptions and challenges related to property valuation as well as presenting strategies to help reduce tax obligations.