The auditor will be updating the values of all properties. Here is a short video and a link to an article that will give you more information about how this impacts you as a buyer or as a seller.
What does a tax valuation increase actually mean?
An increase in tax valuation does not generally equate to an equal increase in taxes. This is because of Ohio’s tax-reduction factors that were enacted in the 1970s. The goal of these factors was to limit tax increases in periods of rapidly increasing property values.