June 13, 2024

Why property taxes and values are up everywhere

Less than half of the homes listed for sale last year in the Cincinnati area were affordable for people spending no more than 30% of their income on a traditional, 30-year, fixed-rate mortgage, according to a report from Redfin

Property values and taxes are up this year in Greater Cincinnati and people are pointing fingers.

Who is responsible?

It’s the result of voter choices, schools and market forces. In other words, it’s you − or at least your neighbors and local schoolchildren.

Here’s what you should know about the jump in property values and property taxes.

How much did property values and taxes go up?

Each property is different. On average in Hamilton County, property values increased 28% while total taxes increased about 12%, according to the latest figures released by the Hamilton County auditor.

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