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The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax.
The Cuyahoga County Land Reutilization Corporation, commonly known as the Cuyahoga Land Bank, is a quasi-governmental non-profit corporation established in Ohio in 2009. It was established to respond to the effects of the United States housing bubble in Cleveland and surrounding Cuyahoga County, where the housing bubble had a particularly strong impact.
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During the last reappraisal in 2020, residential property values in Hamilton County went up 14% while the average property tax bill went up 6%, according to the Hamilton County auditor and treasurer.
This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Cuyahoga County had long been led by a three-member Board of County Commissioners, which is the default form of county government in the state. [25] In July 2008, Federal Bureau of Investigation agents began raiding the offices of Cuyahoga County Commissioners and those of a wide range of cities, towns, and villages across Cuyahoga County. The ...
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