Disputing a Property Tax Assessment in Euclid, OH

Disputing a Property Tax Assessment in Euclid, OH

Investor · Tinton Falls, NJ · Member since 2018 · 61 posts · 37 votes

Can anyone advise how easy/difficult it is to successfully dispute a property tax assessment in Euclid, OH? My 2022 taxes were $32k. The building right next door to mine pays $25k even though it is very similar in style and condition but far larger in every way (twice as many units as mine, almost twice the land acreage and building square footage). I purchased my building in 2021 for more then $300k less than the other building sold for in 2016. I've looked at the tax records of a few other "comps" in Euclid, and they all are paying significantly less in taxes relative to their building/lot size and number of units, etc. A 16-unit not far from mine (same town/county) with more square footage and a bigger lot size pays $19k. By comparison to every comp I look at, my taxes seem ludicrously high. Thank you for any insight you can give! - Karl

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  • Accountant · West Jordan, UT · Member since 2017 · 180 posts · 95 votes
    3y

    Karl, 

    The County sometimes, makes WILD assessments. 

    Call the County Property Tax Division, find out when they are holding "hearings" about adjustments. 

    You have done EXCELLENT RESEARCH!

    Take your research to them and present it.

    They want their money...but it's not personal. I have found them to be receptive and agreeable...and adjust the property tax DOWN.

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