Tag Archives: 2007

Franklin County Auditor Confirms Zero Increase in Tax Valuation This Year!

Tony and I returned from vacation on Sunday. On Monday, I tackled a mountain of mail being held by the post office. The item I was most interested in was the notice from Joe Testa’s office (Franklin County Auditor) announcing the proposed valuation of our home for 2008. Yours was probably just like mine – it shows no increase in valuation from 2007.

2008 is the year for the triennial update of property valuation in Franklin County. While we saw gains in the local real estate market in both 2005 and 2006, we’ve basically given it all back in 2007 and 2008. As a result, property valuations will remain at their previous level rather than increase as they usually do every 3 years. This should mean a zero tax increase for homeowners. However, New Albany has several levies on the ballot in November which will raise taxes slightly but the increase will be based on the valuations set 3 years ago.

Because there have been some dramatic shifts in the real estate market, you may still feel that your home is overvalued. If so, there is an opportunity to meet with representatives from the auditor’s office during the next month to discuss your valuation or to petition for a reduction in your home’s valuation. The review in New Albany will take place Thursday, August 28th at Church of the Resurrection, 6300 E Dublin Granville Road, New Albany, 2pm – 8pm. Call the auditor’s office at 614-462-4663 to schedule a time for your review.

Please let us know if you would like our office to provide you comparable sales information that you might use to justify a reduction. We are happy to do that as a service to our clients as well as to those who may become new clients some day! You can call me at 614-939-8945 or by email at katet@newalbanyrealty.com.

Hampsted Village Homes Sold in 2007

A year end review shows that while the real estate market slowed down in 2007, is it may not be the doom and gloom picture painted by the national media.  In fact, Forbes Magazine recently ranked Columbus as the 3rd most stable housing market of the 40 largest American cities. In Hampsted Village, the average 2007 sales price was $358,800, compared to 2006, where the average sales price was $355,891. The biggest difference in comparing 2006 to 2007 is the amount of homes sold: 56 in 2006 and 30 in 2007. Unit sales in New Albany overall were off by about 10% over 2006 while the average sales price fell about 6%. The good news is that beautiful Hampsted Village continues to not only be a great place to live, but also holds value in the market place.

Homes Sold in Hampsted Village in 2007:


*This representation is based on data supplied by the Columbus Board of REALTORS® or it’s MLS from 2006. Data maintained may not reflect all activity in the real estate market.

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