Tax Rules: Final: 5703-25
5703-25-16 Procedure after reappraisal or
update
(A) Procedure after sexennial reappraisal:
(1) After the appraisal is completed the county auditor shall
total the "true value in money" of land, building and total
of agricultural, industrial, commercial and residential
property in each taxing district, and shall prepare and file
an abstract of these true values with the department of
taxation, which abstract shall be considered as a tentative
abstract of appraised values only. Each tentative abstract
should be submitted prior to the second Monday in June.
(2) In order to achieve uniformity of assessment among the
eighty-eight counties, and keeping in mind that there are
variations in cost schedules, depreciation schedules, etc.,
used by the various appraisal firms, the staff of the
department of taxation, upon receipt of the "appraised value"
abstract as prepared and filed by a county auditor, will
review the appraisal in the field in the light of the
information it has collected relative to recent real property
sales and other information relating to real property values
to determine whether all real property has been uniformly
appraised at "true value in money" as defined by rule
5703-25-05 of the Administrative Code. After such review the
staff shall recommend to the tax commissioner whether the
commissioner should accept the reported appraisal value as a
reasonable estimate of true value as of tax lien date of the
year of reappraisal or reject the values and order the
auditor to make the changes needed to insure that the
appraisal values are a reasonable estimate of true value in
money as of tax lien date of the year of reappraisal. The
county auditor shall be informed of the staff's
recommendation.
(3) The commissioner shall then transmit to the auditor a
tentative order, which is not a final order of the
commissioner, which shall contain the recommendations of the
commissioner as to any changes in aggregate values, or in any
class thereof, in the county or any taxing district thereof.
After a review of such tentative order the auditor shall
submit to the commissioner, on or before the first Monday of
August, a final abstract of taxable values and a final
abstract of the current year's true value of land valued
under section 5713.31 of the Revised Code, as both are
required under section 5715.23 of the Revised Code. The
commissioner shall review the final abstracts and make the
determinations required by section 5715.24 of the Revised
Code and issue a final order, if necessary, under section
5715.25 of the Revised Code.
(4) Unless such an order is appealed, as provided in section
5715.251 of the Revised Code, the county auditor shall then
proceed to determine the "taxable value" of each and every
parcel of real property by multiplying the true value of each
and every parcel in each and every class of real property in
the county by thirty-five per cent as prescribed by rule
5703-25-06 of the Administrative Code.
(B) Procedure after update:
(1) The county auditor of a county in the third calendar year
following a general reappraisal shall analyze local real
estate sales that have occurred in the last three preceding
calendar years together with other related information
pertaining to real property values in the county. These
studies should be designed to enable the auditor to increase
or decrease the taxable valuation of parcels in accordance
with actual changes in valuation of real property which occur
in different subdivisions, neighborhoods, or among classes of
real property in the county.
(2) As early as possible in the third calendar year following
a sexennial reappraisal the department of taxation will
notify the county auditor of its preliminary estimate of
changes in real property tax values needed for that tax year.
This estimate will be based on an analysis of real property
sales that occurred in the county during the preceding three
calendar years and other studies of real property values.
These estimates should be compared to information available
locally including the auditor's own studies of the local real
estate market and other related factors.
(3) After consideration of available information the county
auditor shall proceed to comply with paragraphs (C) to (F) of
rule 5703-25-06 of the Administrative Code to increase or
decrease the true and taxable value of each parcel of real
property in the county by an amount which will cause all real
property on the tax list and duplicate to be valued as
required by law.
(C) General:
(1) If a county auditor is not satisfied with the
recommendations or preliminary estimates provided by the
staff of the department of taxation under paragraph (A) or
(B) of this rule a conference with the commissioner may be
requested. Such application shall be made by the filing of a
written application within thirty days after receipt of the
recommendation. The application shall specify the reasons for
requesting such a conference.
(2) After complying with paragraph (A) or (B) of this rule
the county auditor shall then prepare and file with the
department of taxation the statutory abstract of taxable real
property value and the abstract of current agricultural use
values required by section 5715.23 of the Revised Code,
wherein there is to be set out the "taxable value" of the
real property in the county.
(3) The county auditor shall not lay before the county board
of revision the returns of the assessment of real property
for the current year in accordance with the provisions of
section 5715.16 of the Revised Code, nor the abstract
required to be filed with the tax commissioner under the
provisions of sections 5715.23 and 5715.24 of the Revised
Code, until and unless the property records required by rule
5703-25-09 of the Administrative Code for each and every
parcel are in the auditor's possession and open to the
inspection of any interested person.
(4) On the general tax list and duplicate of real and public
utility property compiled and prepared under the pertinent
provisions of section 319.28 of the Revised Code, only the
taxable value of the land, building and total of the real
property shall be listed. The taxable value of land qualified
to be taxed at its current agricultural use value, pursuant
to section 5713.30 of the Revised Code to be entered on said
tax list and duplicate shall be thirty-five per cent of its
current agricultural use value as determined under rules
5703-25-30 to 5703-25-36 of the Administrative Code. The
replacement cost figures, depreciation figures, etc., shall
be placed on the auditor's property record as provided in
rule 5703-25-09 of the Administrative Code. Changes in true
and taxable values made in the update year in compliance with
paragraphs (C) to (F) of rule 5703-25-06 of the
Administrative Code shall also be recorded on the property
record. Any changes ordered by the board of revision, board
of tax appeals or tax commissioner in said taxable values
shall, together with the date of change, be noted on the tax
list and duplicate as provided in section 319.28 of the
Revised Code, and the property record as required by rule
5703-25-09 of the Administrative Code.
Effective: 9-18-03
Promulgated under: 5703.14
Authorized by: 5703.05
Amplifies: 5713.01, 5715.01
Prior effective dates: 12-28-73, 11-1-77, 10-20-81 as
5705-3-12