Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply presented by

User Stats

17
Posts
15
Votes
Jeremy Sharp
  • Rental Property Investor
  • Cincinnati, OH
15
Votes |
17
Posts

Property Value Appeal for Taxes

Jeremy Sharp
  • Rental Property Investor
  • Cincinnati, OH
Posted

Hey everyone,

I have a duplex that is in a Cincinnati, OH area that has had significant growth over the last 7 years. In 2017 my property tax valuation went from $110,000 to $185,000 which of course created quite a hit to cash flow. Unfortunately I was living out of the country during this time and didn't have a chance to appeal. 

I have a few questions:

1. My understanding is you can appeal anytime. Is this true? Are there limitations on when you can do it?

2. Is finding legal representation "mandatory" or just depends on the situation?

3. If current duplex houses in the area are selling in the $225k range would I even have a leg to stand on? 

4. What kind of information would you need to bring to justify a reduction in property value?

Thanks in advance! This is one of the expense areas I've been looking to reduce just as I would insurance, maintenance, etc.

  • Jeremy Sharp
  • Loading replies...