Wednesday, May 10, 2017

Summit County Property Tax Bill Will Probably be Lower than you Think

The red-hot real estate market has sent home values soaring in Summit County.  Countywide, the average increase was just shy of 20 percent.
Come tax day, however, most property owners can look forward to a slightly lower bill thanks to updated tax rates recently handed down by state officials.
That change, from 7.92 percent last year to 7.2 this year, means that homeowners whose property value didn't grow more than about 20 percent over the past two years will likely see their tax bill stay about the same — or possibly decrease. 
Read more at the Summit Daily article today:

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