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2021 Triennial Update Concludes

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Media contact: Devyn Giannetti: (216) 225-9813; dgiannetti@cuyahogacounty.us 

 

Values Increased for Residential and Commercial Properties

CUYAHOGA COUNTY, OH – Every third year of a six-year cycle Ohio law requires the Cuyahoga County Fiscal Officer to review all real property in Cuyahoga County through a triennial update. This statutorily required update occurs in 2021. A triennial update relies on an analysis of sales that have taken place in the past three years to determine whether a change in market value has occurred since the last reappraisal, which was conducted in 2018.

The county-wide residential value has increased by 16 percent, county-wide commercial value has increased by 4.8 percent, county-wide industrial value has increased by 8.7 percent, and the county-wide total for all classes has increased by 12.8 percent.

“The triennial update shows us that Cuyahoga County is a desirable place to live and work,” said County Executive Armond Budish. “We’re happy to see that residents remain invested in their communities and see the value of making a home in our County.”

The 2021 triennial update proposed valuation notices were mailed, starting Friday, September 17, 2021, and continuing throughout the following week to approximately 489,000 residential and commercial taxpayers. Residents can attend community meetings to learn about how the triennial update was conducted. Due to time constraints from COVID, the County is not able to hold informal meetings to look at values as was done previously.

Any taxpayer who disagrees with the proposed property value may file a formal complaint through the Board of Revision website from January 1, 2022 to March 31, 2022.