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The average Montgomery County property owner will see a 5.8% rise in their 2024 tax bill, reports Auditor Karl Keith.
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The value of real estate in Montgomery County, Ohio, is growing, due to inflation and a hot home market. But Auditor Karl Keith says that doesn't mean a spike in property taxes.
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The two-year state budget includes the first major change to the homestead tax exemption in 16 years, but it doesn't happen automatically.
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Montgomery County Auditor Karl Keith said the county has seen a historic $8.5 billion property value growth in the past three years.
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The Miami County Auditor’s office recently completed a property reappraisal. Now, property taxes have shot up, leaving many residents paying more than they expected.
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Pike County Massacre Sentencing; Measles Discovered in Clark County; UD Heath Equity Fellowship and Think Tank; New Body Cams; Homestead Exemption Deadline Looming
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But backers of the change to property tax law say it is needed to help business development in Ohio.
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The bill would increase the amount of exemptions and expand income qualifications for the program.
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The Ohio House rejected changes the Senate made to the bill
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Backers say it will be fairer for property owners but opponents say it will have unintended consequences.
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The Council unanimously voted to annex 34 acres in order to open up room for more housing.
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A dramatic rise in Montgomery County property values has led to a sharp increase in property owners appealing their property appraisals.