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Appealing the Value of Your Home for Tax Purposes

Recent changes in the value of real property have many homeowners interested in appealing the value of their homes for tax purposes. When considering whether to appeal the valuation placed upon a home for tax purposes, a homeowner should understand that the board of revision will look to the sales price paid in a recent arm’s-length transaction to value the real property for tax purposes.

Elimination of Ohio Estate Tax

The Ohio Estate Tax has been eliminated effective January 1, 2013. This tax has often been referred to as the worst estate tax in the country due to its small threshold amount where the tax starts — $338,333.