What to Expect for 2023 Commercial Property Reappraisals
A Conversation with County Auditors from Delaware, Franklin and Licking Counties
Thursday, July 20, 2023
3:00 p.m. - 3:30 p.m.
Check-in & Networking
3:30 p.m. - 3:35 p.m.
Introduction
Nicholas Ray Vorys
3:35 p.m. - 4:00 p.m.
Delaware County Tax Reappraisals
George Kaitsa, the Delaware County Auditor, will educate attendees concerning the sexennial property tax reappraisal process and the impact of that reappraisal on tax valuations in Delaware County. Auditor Kaitsa will also inform attendees on opportunities to communicate with his office regarding the valuations before they are finalized.
George Kaitsa Delaware County
4:00 p.m. - 4:25 p.m.
Franklin County Tax Reappraisals
Michael Stinziano, the Franklin County Auditor, will educate attendees concerning the sexennial property tax reappraisal process and the impact of that reappraisal on tax valuations in Franklin County. Auditor Stinziano will also inform attendees on opportunities to communicate with his office regarding the valuations before they are finalized.
Michael Stinziano Franklin County
4:25 p.m. - 4:50 p.m.
Licking County Tax Reappraisals
Michael Smith, the Licking County Auditor, will educate attendees concerning the sexennial property tax reappraisal process and the impact of that reappraisal on tax valuations in Licking County. Auditor Smith will also inform attendees on opportunities to communicate with his office regarding the valuations before they are finalized.
Michael Smith Licking County
4:50 p.m. - 5:05 p.m.
Central Ohio Economic Update
The Central Ohio real estate market is very dynamic, but the lingering impacts of COVID on certain market segments and the impacts of increasing interest rates and challenges in the capital markets place stresses on the system. Elizabeth Ptacek, Senior Director of Market Analytics at CoStar, will highlight how those changes are impacting the Central Ohio real estate market as of January 1, 2023, the valuation date for the tax reappraisals.
Liz Ptacek CoStar
5:05 p.m. - 5:10 p.m.
Conclusion
Nicholas Ray Vorys
5:10 p.m. - 6:30 p.m.
Drinks, Appetizers & Networking
About
Every six years, all Ohio counties are required to perform a tax reappraisal for all properties. Based on information learned to date, we are anticipating significant increases for many commercial properties.
On July 20th, join Vorys, Costar and GBQ for an afternoon event featuring:
A proactive discussion on the upcoming reappraisal process with county auditors from Delaware, Franklin and Licking Counties: George Kaitsa, Michael Stinziano and Michael Smith
Information on opportunities to work with county auditor’s offices before the process is finalized later this year
An update on the status of the Central Ohio commercial real estate market as of the date of valuation for tax reappraisals, January 1, 2023
Networking and happy hour
LOCATION:
Hilton Columbus Downtown
402 N. High St., Columbus, OH 43215
Who Should Attend
This event is for entities/individuals that are involved in the commercial real estate market in Central Ohio, specifically Delaware, Franklin and Licking counties.
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