A Guide to Challenging Your Real Estate Taxes in Ohio
A Guide to Challenging Your Real Estate Taxes in Ohio If you believe your property tax bill is too high, it isn’t usually because the tax rate is wrong—it’s because the county auditor has valued your property higher than it is worth. In Ohio, you have the right to challenge this valuation through your county’s […]
Understanding Tax Proration in Ohio Real Estate Transactions
Understanding Tax Proration in Ohio Real Estate Transactions Buying or selling a home in Ohio comes with a unique set of financial details, and property taxes are often one of the most confusing line items on the closing statement. You might see credits or debits that don’t immediately make sense. This is usually due to […]
Understanding Stepped-Up Basis In Real Estate
Understanding Stepped-Up Basis in Real Estate Navigating the financial aspects of an inheritance can be complex, especially when real estate is involved. One of the most important concepts to understand is the “stepped-up basis.” This tax provision can have a significant impact on the amount of tax an heir owes when they eventually sell an […]