Tax Reappraisals in major Ohio counties have initiated thousands of complaints at local boards of revision. The following counties have undergone reappraisal in 2012: Cuyahoga, Lorain, Lake, Stark, Belmont, Brown, Crawford, Erie, Fayette, Highland, Huron, Jefferson, Lucas, Morgan, Muskingum, Ottawa, Portage, Warren, and Williams.  Allen, Coshocton, Guernsey, Sandusky, and Vinton were updated.  Complaints are typically due by the end of March at each counties board of revision.  Contact our offices for a professional commercial appraisal, home appraisal, or industrial appraisal for use as evidence of value in your property tax appeal.

Russell Kitzberger was awarded the GAA, General Accredited Appraiser Designation by The National Association of REALTORS®.   The GAA designation recognizes successful completion of tested education coursework as well as experience in Commercial and Industrial properties.  Previously, Mr. Kitzberger was awarded the RAA designation for experience and coursework in Residential property. The additional designation provides recognition for competency for a variety of property types found in the Pointer Appraisal coverage area.

Pointer Appraisal staff members Michael Harris and Russell Kitzberger accomplish academic and professional milestones in early June.

Grim 4th quarter 2011 and low expectations for Ohio commercial real estate trends for the near future in NAR Commercial report. 

Reiterating what our referring attorneys advise many clients; Tax Attorney Robert W. Wood addresses importance of Contemporaneous appraisals in estate planning in his September 30 contribution to Forbes at Forbes.com

The Case Schiller Index published this morning posts a 1.2% seasonally adjusted February 2011 gain over January 2011. Non Seasonally adjusted price index slipped 0.8%. Both price indices are still lower than the February 2010 numbers. The market still trails far behind pre bubble levels and the levels remain below those over one decade ago.

Summit County single family residential sales prices released February 4, 2011 by the Regional MLS show large declines in January as sales prices plummet from December. The average price of properties closed at $100,295, or 17% lower. Median prices plummeted nearly 31% with the median sales price closing at $66,000 during January.

The S&P/Case-Shiller released June 28, 2011 (indices through April 2011), are still showing declining conditions from April 2010 in the Cleveland Market.  Non-Seasonally adjusted index climbed a little over one point, however seasonally adjusted slipped less than one half point from March 2011. Both indices are down over 6.7% from April 2010.

Link: Case Shiller