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Mahoning County auditor: average residential values up about 24% after state-approved revaluation
Summary
The Mahoning County auditor reported that the state-approved triennial revaluation shows an average 24% increase in residential property values across 52 districts, with district-level increases ranging from about 13% to 35%; he said valuations do not directly equate to identical tax increases and that detailed district data will be published next week.
Mahoning County's auditor told commissioners on June 25 that the state-approved revaluation yields an average residential value increase of about 24% across 52 residential districts, with the smallest district increase near 13% and the largest near 35%.
"For Mahoning County we have 52 districts with residential in them. The lowest increase was 13% in the district in Austin Township. The highest percentage increase was about 35% for the Lake Milton precinct," the auditor said. He cautioned that a change in assessed value does not translate directly into the same percentage change in taxes, and that previous revaluations produced different tax outcomes because of levies, exemptions and other policy changes.
The auditor said the Department of Taxation requires valuation ratios to meet a minimum standard and that the county's overall valuation changes are defendable. He said the department approved Mahoning County's values and that the county will publish interactive tools and detailed district graphs on its website next week.
The auditor also noted policy changes at the state level: revaluation cycles will now run every four years rather than three in response to workload concerns at the Department of Taxation, meaning these values will remain in place for four years. He said agricultural values and CAUV adjustments will be reflected in subsequent updates and that values do not yet reflect new construction or demolitions that occurred after the valuation snapshot.
Commissioners used the discussion to underscore the limits of local control over tax policy: one commissioner said homeowners should examine what levies they vote for, and speakers expressed concern about pressures on homeowners from rising valuations combined with higher utility and insurance costs.
The auditor said he plans a press release and online tools next week to allow residents to check tentative values for their properties and to explain district-by-district shifts. He also confirmed the county will continue using the same outside appraiser for the current cycle.
