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Board authorizes resolution to challenge commercial property valuations
Summary
Tallmadge City School officials approved a resolution authorizing filing complaints under RC 5715.19 to challenge county real property valuations when recent arm's-length sales indicate the assessed value is incorrect.
The board approved a resolution authorizing the district to file complaints challenging real property valuations with the county Board of Revision when recent arm's-length sales or other evidence indicate assessed values are incorrect.
A board member explained a change in law that now requires a board resolution to file such complaints and described the typical threshold for contesting valuations as a difference of 10% plus $500,000. The member said the process often results in negotiation or settlement through the county board and, if necessary, an appeal to the state Board of Tax Appeals.
Board members discussed timing and potential legal costs. One member asked whether attorney fees would be incurred; the presenter confirmed the district would incur costs if the matter proceeds and described the district's usual approach of negotiating to avoid prolonged litigation.
Outcome: the board approved the resolution by roll call. The district's attorney will handle filings and the timeline for resolution varies depending on settlement and appeals.
