If you own property in Hamilton County, chances are you recently received a notice that your assessed value has gone up, possibly by quite a bit.
More than 85 percent of residential and commercial properties in Hamilton County had a change in assessed value between 2020 and 2021, with the vast majority of them rising. Overall, assessed values in the county increased more than 6.5 percent.
While this may be welcome news for those looking to sell their home soon, for residents staying put it likely brings to mind something else: a higher tax bill.
Most local taxing units, such as cities, townships and school districts, receive a large chunk of their funds through property taxes. But determining assessed values lies solely in the hands of the county assessor’s office.
“Nobody says, ‘Hey, Robin, I need this much money for the budget,’” said Robin Ward, who has served as the Hamilton County assessor since 2011.
Higher property tax…