Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Abatement topic
No spam. Unsubscribe anytime.
Commission sets Bear Lodge LLC property valuation in Bellfield at $298,000 after abatement hearing
Summary
Following an abatement hearing, the Commission accepted the City of Bellfield's recommendation and set the 2024 valuation for Bear Lodge LLC at $298,000, rather than the owner's requested $260,000 sale price valuation.
At a public abatement hearing on Jan. 27, the Stark County Commission heard an application from Bear Lodge LLC asking that the 2024 valuation for a multiunit residential property in Bellfield be reduced to the April 2024 sale price of $260,000. Natalie Wandler of the Stark County Tax Director's office presented the file and described options: leave the 2024 value at $330,600, revert to the 2023 value of $298,000, or adopt the purchaser's requested $260,000 valuation.
Wandler told the commission that the City of Bellfield had voted 3-2 to revert to the 2023 assessed value of $298,000 and that the county assessor's office could not unilaterally set the 2024 value to the April 2024 sale price because that sale occurred after the assessment data used for the 2024 roll. A commissioner raised the practical question of proration of taxes for the ownership period in 2024; staff said they had not prepared a proration worksheet during the hearing but had previously shared estimated calculations with the city.
After brief discussion a commissioner moved to accept Bellfield's recommendation to change the 2024 valuation to $298,000; another commissioner seconded. The commission voted and the motion carried by voice vote.
The commission's action changes the 2024 valuation for the parcel to $298,000 and does not implement the owner's requested reduction to $260,000. Staff noted the split city vote and advised that tax proration and distribution between taxing entities may require separate accounting and follow-up.
