July Storm Victims Real Estate Tax Relief

Tuesday, 03 July 2012

Summit County Fiscal Officer Kristen M. Scalise CPA, CFE announced today that she would offer real estate tax relief to property owners throughout Summit County who sustained storm damage to their property in the wake of the storm that took place on July 1st. Ms. Scalise’s office is taking the necessary steps to provide property owners the ability to file an “Application for Valuation Deduction for Destroyed or Damaged Real Property”, pursuant to Ohio Revised Code 319.38 with her office.

Applications can be obtained by calling our office at 330-643-2710, or by visiting Damaged Property for more information. Download the application ‘DTE 26’ and mail the completed form to the Fiscal Office at 175 S. Main Street, Room 304, Akron, OH 44308.

For property damaged by the storm on July 1st, the filing deadline is December 31, 2012. Ms. Scalise has stressed the importance of filing this application as soon as possible. Any deduction from value will affect the tax bills mailed in January 2013.

The amount of the deduction equals a percentage of the reduction in value caused by the damage. That percentage is determined by the calendar quarter in which the damage occurred; the reduction will be 50% in value of the destroyed portion.

Real estate taxes are billed one year in arrears so the reduction will be for tax year 2012 collection year 2013.

Once the application is filed, Ms. Scalise’s Appraisal Department will make the necessary inspections to determine the amount of damage. Damage to trees, landscaping and fencing, as well as personal items is excluded on residential properties. Ms. Scalise’s office tracks the repairs based on the applications received and building permits that have been filed from all the townships and cities affected by the storm.