If my market value increased in the Triennial Update, will my taxes increase by the same percentage?

No. In 1976, Ohio Legislature enacted House Bill 920 to prevent school districts from collecting more money due to valuation increases from reappraisals or triennial updates than was approved by voters. If property values in a district increase, the millage rate on a voted levy is decreased so that the levy only generates the amount of money approved by voters. However, to prevent millage rates from being reduced too low, Ohio has instituted a 20-mill floor which means that a school’s millage rate cannot be reduced below 20 mills. Additionally, Ohio law does allow 10 mills of inside millage which can be levied without voter approval and is to be shared by the public schools and government entities in each district. New levies that were passed at an election and effective for Tax year 2020 Calendar Year 2021 will increase property taxes.

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1. Do I qualify for the Homestead Exemption program for Tax Year 2022?
2. Do I qualify for the Homestead Exemption program for Tax Year 2021?
3. What do I bring with me to apply for the Homestead Exemption Program?
4. What is an applicant's domicile?
5. What is the purpose of tax levies?
6. Why did my CAUV value change?
7. How are the soil values calculated?
8. What is a Triennial Update?
9. Did all properties get the same adjustment in the Triennial Update?
10. If my market value increased in the Triennial Update, will my taxes increase by the same percentage?
11. What if I don’t agree with the value you placed on my property?
12. What is the deadline to file a Complaint Against the Valuation of Real Property (DTE Form) for Tax Year 2020?
13. What is the deadline to file a Complaint Against the Valuation of Real Property (DTE Form) for Tax Year 2021?
14. What is the "non-business credit" on my tax bill?
15. What is the "owner occupancy credit?"
16. I was receiving the Homestead Exemption on my house but I sold it and bought a different one. Do I have to apply under the new homestead exemption program and show my income?
17. How do I search for property information?