Under Ohio law, a sexennial revaluation of all real estate properties in Franklin County to establish current and most equitable values for tax purposes is now underway and set for completion in mid-2023. As part of this process, the Franklin County Auditor office is currently engaged in the collection of data related to commercial and industrial properties throughout Franklin County that will help establish the most fair and up-to-date market guidelines for the appraisal of like properties.
In the spirit of our ongoing commitment to openness and civic collaboration we are requesting the assistance of Franklin County commercial and industrial property owners in ensuring our data is as accurate as possible. Accordingly, as an owner or manager of commercial property currently scheduled for reappraisal, your input during the data collection phase of this project is vital. (Note: For data collection purposes, only owners of commercial and industrial property with a current appraised value of $250,000 or greater are being asked to complete this survey. For multi-property owners, we ask that you please complete this survey for each property which currently meets that appraisal threshold.)
Your assistance in filling out the applicable sections of this survey (regarding market costs, rentals, operating expenses, and other variables) will help us determine what is typical in our current real estate market, and will be used in the sexennial revaluation to develop both the cost approach and income approach to the valuation of similar Franklin County properties. Participation in this survey is completely voluntary, as we are also gathering data from other sources. However, we rely on local data as the best source of information regarding the current state of commercial properties in our area and greatly appreciate your help in collecting it through your completion of this survey.
This survey is “one size fits all”, so some areas will not apply to your type of property. Please carefully review the instructions prior to filling out this survey and feel free to call 614-525-4663 (HOME) with any additional questions. Also, if you would prefer, you may submit any standardized operating statements, tax return data (minus SSNs), appraisals performed over the last three years, or any other data that includes the information we are attempting to obtain regarding the current Franklin County real estate marketplace as an alternative. Further, please note, no additional documentation will be sought by our office upon your completion of this survey as your provision of this information, just like your participation in this survey, is completely voluntary.
Thank you very much for your time and valuable assistance to my office through your completion of this survey.