Hamilton Co. Homes To Be Re-appraised

(CINCINNATI) -- If you live in Hamilton County, the value of your home is going to be re-appraised this year.

The county auditor's office is starting its update of property values, which is done every three years.

Values will be decided based on the last three years of property sales in your neighborhood.

And even with sales slowing in the housing market, don't expect much of a change in your taxes.

"The big problem we face is there's all these stories in the media about values plummeting and everything is down 25, 30, 40 percent. It just isn't true," says Hamilton County auditor Dusty Rhodes.

Property owners will receive appraisal notices in December and any tax changes will show up in the first bills of 2009.