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Washington State has adopted changes in the funding of public education. Taking effect in 2018, the state property tax for common schools will be increased to $2.70 per $1,000 of assessed value, which is an increase from approximately $1.90/$1,000. Taking effect in 2019, the school district levy lid will be based on the lesser of […]

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The Ohio Supreme Court ruled that while a recent arms length sale price is the best evidence of a property’s value, it no longer conclusively determines value of a property for real property tax assessment purposes. The court also observed Ohio law now requires valuing the fee simple estate of a property, as if unencumbered. […]

Filed in: General