Franklin County Auditor Clarence Mingo will make a stop in German Village this weekend to discuss the reappraisal process and other real-estate issues.

Franklin County Auditor Clarence Mingo will make a stop in German Village this weekend to discuss the reappraisal process and other real-estate issues.

His visit is slated for noon Feb. 26 at the Meeting Haus, 588 S. Third St.

"This year we are set to release new values for every property in the county and we're working really hard to make sure property owners are well aware of the process and what it means to them on an individual basis," Mingo said.

The reappraisal process is done every six years, with an update every three years. Staff members from the auditor's office visit and evaluate 438,000 parcels and properties in the county. Valuations are based on internal data provided by property owners, external observations from staff and home sales dating back three years.

Home valuations based on the current round of reappraisals will be effective Jan. 1.

Property owners will be notified of their new evaluations in the summer, probably July, Mingo said. In the fall, staff members from the auditor's office will meet with residents who dispute the findings. Further appeals can be made to the Franklin County Board of Revision, he said.

Mingo said he also will discuss the homestead exemption, a one-time credit that shields $25,000 of property taxation from homeowners who are 65 and older or disabled.

The exemption is not based on the price of the home or the salary of the property owners.

Residents who want to qualify must file an application by the first Monday in June, said David O'Neil, communications director for the auditor's office.

"It's very easy to qualify and it's for life," O'Neil said.

For example, a home valued at $90,000 would be appraised at $65,000 under the homestead exemption. The baseline valuation increases per the triennial update and six-year reappraisal process, O'Neil said.

Mingo said that despite the slump in the economy and housing market, some real estate in certain Franklin County neighborhoods likely would remain strong. However, he said he would not offer his threshold view of German Village properties at the meeting until the valuation process has been completed.

Brian Santin, president of the German Village Society board of trustees, said the auditor's discussion could prove valuable for local property owners.

"I think this is a great opportunity for the German Village community and residents should take advantage of Mr. Mingo's visit to learn more about the function of the Franklin County Auditor's Office and the 2011 reappraisal efforts," he said.

gseman@thisweeknews.com

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