Property values in Cuyahoga County are increasing by an average of 32%, according to the results of a reappraisal.
So what does that mean for your wallet?
In a release, Cuyahoga County officials noted that "an increase in property valuation does not necessarily mean property taxes will increase. However, many property owners will see higher tax bills."
State law mandates that Cuyahoga County perform a property reappraisal every six years "to determine the value of all properties within the County." Officials note that over the last few months, fiscal officers and state-licensed appraisers reviewed all properties across the county, considering factors like market trends, property upgrades, and neighborhood characteristics.
The largest increase in home values in Cuyahoga County is East Cleveland at 67%, just ahead of Linndale and Newburgh Heights at 66%. The smallest increase is Hunting Valley's 15%.
Annabelle Childers reports: [ Ссылка ]
