Franklin County Property Taxes

[Harman N.]

Hey everyone,

I had a few questions about how property taxes work in Franklin County:

1. I know there's a triennial reassessment, but can the taxable values change in between the 3-year periods, like maybe when permits are pulled? 
2. The taxable value is 35% of the assessed market value. But how much does the assessed market value differ from the actual market value? Comparing a few recent sales on the MLS to the 2020 assessed values, it seems like there's a 20-40% discount in the assessed value
3. If there's a sale, does the sale price factor into the assessed value in any way? This is common in some municipalities, but doesn't seem to be the case in Franklin County
4. What does the "non-business credit" apply to: is it whether the property is held in an LLC/corp?
5. Last one -- for property tax abatements, I assume the assessed market value is frozen at the most recent assessed value? 

Thanks!

- Harman