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Valuation

With the exception of the Current Agricultural Use Valuation (CAUV) program, all real property in Ohio is to be valued at its estimated fair market value or the price that it would be expected to bring in an arms length sale.

In addition to the Revaluation and Triennial update duties, the Clinton County Auditor's Office administers the collection of new construction data.

WHAT IS NEW CONSTRUCTION: New Construction is carried out every year by the County Auditor. These duties include:

  • Review of building permits issues
  • Review of parcel land splits and boundary surveys accepted by the Tax Map Department
  • Inspection of new construction
  • Valuation of new construction
  • Valuation of new land configurations (splits, plats, etc.)
  • Maintaining real property characteristics

WHAT IS A REVALUATION AND A TRIENNIAL UPDATE: 

The County Auditor is required by state law to reevaluate each parcel of real property within a county every six years. This program is called Revaluation. 

During the third year of a six-year cycle, the County Auditor is mandated to analyze and update values to reflect current true cash, market value, of all real estate based on recent sales. This program is called a Triennial Update.

2017 Revaluation
2020 Triennial Update
2023 Revaluation

 

New Construction Notice

Ohio Revised Code 5713.17 Duty to notify county auditor of improvement costing over $2,000 - penalty - examination of buildings.

To enable the county auditor to determine the value and location of buildings and other improvements, any person, other than a railroad company or a public utility whose real property is valued for taxation by the tax commissioner, that constructs any building or other improvement costing more than two thousand dollars upon any lot or land within a township or municipal corporation not having a system of building registration and inspection shall notify the county auditor of the county within which such land or lot is located that the building or improvement has been completed or is in process of construction. The notice shall be in writing, shall contain an estimate of the cost of the building or improvement, shall describe the lot or land and its ownership in a manner reasonably calculated to allow the county auditor to identify the lot or tract of land on the tax list, and shall be served upon the county auditor not later than sixty days after construction of the building or improvement has commenced. Upon the discovery of a building or improvement that has been constructed but of which the county auditor has not been notified as required by this section, the county auditor shall appraise it and place it upon the tax list and duplicate at its taxable value, together with a penalty equal to fifty per cent of the amount of taxes that would have been charged against the building or improvement from the date of construction to the date of discovery had the county auditor been notified of its construction as required by this section. The county auditor, or his deputy, within reasonable hours, may enter and fully examine all buildings and improvements that are either liable to or exempt from taxation by Title LVII [57] of the Revised Code.