Significant Property Tax Savings Available for Homeowners Affected by COVID-19 | Buckingham, Doolittle & Burroughs, LLC
On April 27, 2021, Governor DeWine signed into law SB 57, which allows property owners to lower their property tax bills for 2020 by filing a special “COVID-19 complaint” with the county. August 25, 2021. Complaints can be filed from July 26, 2021. In addition, the legal restriction for filing only one complaint during a 3-year assessment period is suspended, so that even owners who have already filed a real estate appraisal complaint during the three-year appraisal period may still file a complaint. COVID-19 Complaint for 2020. While the opportunity is open to all property owners, businesses in the food and restaurant, retail, hospitality and other hard-hit industries will be able to probably get the most out of it.
The COVID-19 Special Complaint will allow taxpayers to request an October 1, 2020 valuation date instead of the standard January 1, 2020 date, allowing County Review Boards to consider the negative impact of COVID-19 on real estate values after the January 1 valuation date. In other words, the complaint must reflect a reduction in actual value between January 1 and October 1 due to circumstances related to the COVID-19 pandemic or a state COVID-19 order.
Particular care must be taken in the preparation of the complaint, because the owner must allege with particularity how the COVID-related circumstances caused a drop in property value. Citing only a general decline in economic or market conditions could result in the complaint being dismissed. Although not required, we recommend that taxpayers who choose to take this opportunity contact an assessor as soon as possible (or ask us to contact one on your behalf). Many homeowners will likely take advantage of this opportunity and appraisers’ time should fill up quickly.