Category Archives: Taxes

Franklin County Property Appraisals Released Today

Check your mail for your new home valuation!

We know property values have fallen since the last county-wide appraisals were done in 2005 but just how much?  You’ll know soon.  The Franklin County Auditor’s office is mailing the new valuations today!  It’s unprecedented and will be interesting to see what they look like.  While the auditor reports that Franklin County property values are down 6.7% from 2005, I expect to see a deeper decline in the New Albany valuations.

What if you don’t agree with the new valuation?

If you disagree with the new value established by the Franklin County auditor, you can present your case directly to county appraisers at informal value reviews held around the county beginning August 31st.  For a complete list of dates and locations for these meetings, visit the Franklin County Auditor site.  The New Albany community meeting will be held on September 8th at the Church of the Resurrection Ministry Center at 6300 E Dublin Granville Road in New Albany from 11 a.m. to 7 p.m.

Contact Kate or Tony if you have any real estate questions would like us to provide local market information to help you prepare for your meeting.   Good luck!

Visit www.NewAlbanyOhio.com to search the MLS and get up-to-date New Albany and Franklin County real estate information.

Tax Time Approaches!

Tax Time Approaches!

I have committed to getting our income tax information organized and to the accountant before Tony and I leave for a short trip to Florida on February 24th!  This is a full 6 weeks ahead of when I typically have it ready – if you aren’t good at math, I normally deliver our information to our tax preparer around April 10th and hope he has time to complete it before the 15th!

Charitable Donation Valuation Guides

The New Albany Chamber of Commerce included a Charitable Donations Valuation Guide in their last newsletter.  It was a good reminder that I need to calculate the value of the clothing and household items that we’ve donated over the past year.   I tend to stick to a very conservative estimate to avoid instigating an audit.  However, the tax benefit is valuable and well deserved so I maintain good records and take photographs as well.

For clothing and household items, I use the Salvation Army Valuation Guide. It shows a low to high range.    There are lots of other sources – just google “charitable donation valuation guide”.  I’ll let you know if I am successful in getting everything done by the 24th!  Wish me luck!