Your Homes Value: According To The Franklin County Auditor
The Franklin County Auditor's office is responsible for appraising properties in Franklin County. This protects homeowners and the economy by ensuring that property values remain aligned with current market trends. The Office does full appraisals every 6 years and an update at the midpoint between those appraisals. We call this midpoint check the Triennial Update and it's happening in 2020. We've compiled info you need to know! According to the Franklin County Auditors website, here are the 3 steps you should expect with this update...
1. Tentative Values Mailed to Homeowners
The tentative value of your property will be mailed in early August, 2020. If you are satisfied that the value is accurate, NO ACTION IS NEEDED. If you disagree you should take part in an informal review session. If you did not receive your homes new value in the mail, feel free to reach out to the auditors office to get your homes new value.
2. Your Role in the Process
If you are satisfied that the value is accurate, NO ACTION IS NEEDED. If you're not, you can speak with an appraiser to discuss your property value. In the interest of public safety they are conducting the majority of this year's review sessions virtually. In-person meetings will also be available at one of their satellite locations. Click here to schedule a virtual or in-person review, or submit documentation.
Virtual Informals END October 3rd, 2020. If you did not receive your homes value or want to request a review of your homes value, CLICK HERE to contact the auditors office or request a review.
3. Final Value Letters Mailed to Participants of the Informal Process
If you still disagree with your property value, you may file a complaint with the Franklin County Board of Revision by March 31, 2021.
4. Is the Auditors New Value What My Home Would Sell For?
Short answer: Not necessarily!
Most auditor home values will go up. Just how much will depend on your home and the market in your area. The auditors value of your home DOES NOT always mean that's what your home will sell for in today's market. If you're interested in knowing what your home may sell for, let us know! We are happy to provide you with this information.