The value of property affected by the pandemic? Ohioans can now file a complaint
MONTGOMERY COUNTY, Ohio (WDTN) – Homeowners in Ohio now have the ability to challenge the value of their property.
Montgomery County Auditor Karl Keith said that starting August 3, homeowners can file a COVID-19 complaint with the Board of Review if they believe the value of their property has been affected by the pandemic.
To file a COVID-19 complaint, a landlord must submit a special complaint form to their County Review Board before September 2. On the form, the owner must explain how he thinks the COVID-19 pandemic has impacted the value of his property, or the complaint will be dismissed, according to a statement.
You can complete the online complaint form at mc-bor.org.
Keith said the properties most likely to successfully receive a change in value as a result of the complaint are commercial properties used to generate income. This can happen if their owner can prove that property income changed last year due to the pandemic.
“Many of our local businesses have struggled during the COVID-19 pandemic,” Keith said. “This new program is a great opportunity for commercial property owners to advocate for a reduction in the value of their property.
Homeowners can file a complaint, but Keith said it would be difficult for a homeowner to show that the value of their property has been affected by the pandemic.
“Given the state of the real estate market, we do not expect residential properties to be successful in COVID-19 complaints. Home values have generally remained strong during the pandemic, ”Keith said.
According to Keith, the following are examples of good evidence to add to a COVID-19 complaint hearing:
- An appraisal from around October 1, 2020 that uses the income approach and explains how the pandemic affected property value
- Income and expense reports comparing 2020 with previous years – this could include changes in the rents collected
- Documentation or testimony of costs and limits of compliance with COVID-19 health orders
- Information submitted as part of business interruption insurance claims or COVID-19 relief or subsidy programs through the Small Business Administration or local governments
If a COVID-19 complaint is accepted and a change in value is issued, this will affect property taxes payable in 2021. If a homeowner who has already paid their 2021 taxes receives a write-down, they will receive a refund of tax.
Homeowners can submit a COVID-19 complaint even if they have already filed a normal dispute over the value of their property.