Summit County Fiscal Officer Kristen M. Scalise CPA, CFE is introducing a new program that can be very advantageous to a property owner if they own one or more parcels of land adjoining their residence.
If a property owner would decide to combine these properties into one parcel the land value will be lowered, special assessments from the jurisdiction where the property is located may be reduced and the property owner would receive only one bill.
Because the parcel is owner-occupied residential property, the owner will be eligible to receive the 2.5% tax reduction on the entire property rather than just the parcel where the home is situated.
These factors will result in lower property values and may lower the property taxes on the combined parcel. A property owner will not be required to record a new deed or be charged any fees.
Fiscal Officer Scalise’s Real Estate Department will begin to mail letters to approximately 3,700 residential property owners this week. If the property owner has any questions, needs assistance or chooses to combine their properties they can contact our office at 330-643-8784 and we will prepare and send the necessary documentation for signature.
