Galloway & DTE Announce Revaluation Change
Lake County Sexennial to be moved to 2031
Painesville, OH – On Thursday, January 15th the Ohio Department of Taxation announced a major realignment of the state’s property reappraisal schedule. As part of the changing of the Sexennial revaluation calendar, Lake County will move from 2030 to 2031. The 2027 Triennial update will not be affected.
“Rebalancing the sexennial revaluation cycles in the State of Ohio has been a goal of the County Auditors Association of Ohio (CAAO) for over a decade,” said Christopher Galloway, CAAO Vice President, and Governor’s Property Tax Working Group Member. Rebalancing was a topic that was brought up as part of the tax reform work group and was one of the recommendations.
“It is important that the three-year staggered cycles be better balanced to ensure the work of property valuation is done as efficiently and accurately as possible. As a county that is moving from 2030 to 2031, knowing now helps us plan and best communicate with residents well in advance.”
“I am pleased that the administration chose to address the imbalance administratively for the sake of speed. I got the sense from speaking with legislators that there was consensus for the update, but that is a more drawn-out process. The administration had the ability to complete it under administrative rules and correctly chose to do so,” Galloway stated.
A total of sixteen (16) counties will have their revaluation years moved. This will allow the three groups to be more evenly balanced with counts of 29/31/28 counties in consecutive years.
“This means that Lake County will wait four years, instead of three, after our 2027 Triennial update. My hope is that it buys our residents more time and hopefully a housing and real estate market that returns to historical norms and therefore far lower valuation increases,” Galloway observed. “Additionally, it is my hope that technology advances by 2031 will help us to greatly reduce the cost of the Sexennial revaluation and therefore save tax dollars,” he added.
“And when you think about it, in the Ohio Revised Code it’s still called a ‘Sexennial’, but this one time it’s going to be a ‘Septennial,” Galloway mused. “Overall, this is good for Lake County.”
Editorial Comments by Brian Massie, A Watchman on the Wall
We appreciate Auditor Galloway’s efforts on behalf of the Lake County citizens.
However, the State legislators will be very busy in 2027 when the citizens of Ohio vote to abolish Ohio property taxes on the November 2026 ballot. The government should not be in the business of property valuations. The elimination of property taxes will result in the drastic cutting of state and local government expenditures.
Categories: Community Activism, Real Estate Taxes, State of Ohio