Ohio Real Property Tax Appeal
Apr 10, 2016OUTCOME: Delinquent Tax Contract Signed
A non-profit purchased a building in March 2013. When a non-profit purchases real property in Ohio, the non-profit will owe real property taxes in the year of acquisition. Their status as a non-profit ... with the IRS does not exempt it from Franklin County’s real property taxes in the year of acquisition. The acquiring entity must file an Application for Real Property Tax Exemption with the county and must pay all real property taxes owed in the year of acquisition. I resolved the issue by signing a Delinquent Tax Contract on behalf the client and filed a Complaint Against Valuation seeking to reduce its value. Franklin County is currently valuing the property at $775,000 and pursuant to the evidence presented in my Complaint we are anticipating a reduction to $250,000. Effectively reducing the annual property taxes from approximately $23,000 to $11,000.
