Property Taxes trend in Akron Ohio

5 Replies

Hi Guys, I wanted to ask all property managers and local landlords in Akron, Ohio. How is property taxes situation on akron, and how are the property taxes changing in the area for multifamily properties.Feedback or insights is appreciated. Thanks

Hi Chaithra,

There has been an increase in the taxes but the increase is based on the sales in the neighborhood. Valid sales = arms length transactions. This goes for single family homes and multi-family homes as well.  If the neighborhood your property is located in has seen an increase in values then more than likely you will see an increase in your taxes. 

There was a re-appraisal done in Summit county in 2017 the values were adjusted based upon valid sales (arm length transactions) in that specific neighborhood over the past 3 years. The next re-appraisal will not be until 2020. The taxes are going to be based on the home values. You have until April 2nd of this year to contest your 2017 tax value. After that point you have to contact Summit County Appraisal Dept. and can address taxes moving forward for 2018 and payable in 2019.

Originally posted by @Chaithra Kumar :

Hi Guys, I wanted to ask all property managers and local landlords in Akron, Ohio. How is property taxes situation on akron, and how are the property taxes changing in the area for multifamily properties.Feedback or insights is appreciated. Thanks

 Entire North East Ohio market has been seeing a steady increase in pricing over the last several years. I'd imagine many municipalities are re appraising tons of properties based on the rising comps.

James Wise, Real Estate Agent in OH (#2015001161)
216-661-6633
Thanks a lot @Carly Bailey
Originally posted by @Carly Bailey:

There was a re-appraisal done in Summit county in 2017 the values were adjusted based upon valid sales (arm length transactions) in that specific neighborhood over the past 3 years. The next re-appraisal will not be until 2020. The taxes are going to be based on the home values. You have until April 2nd of this year to contest your 2017 tax value. After that point you have to contact Summit County Appraisal Dept. and can address taxes moving forward for 2018 and payable in 2019.

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