Homestead Tax

NEW HOMESTEAD TAX BREAK EXTENDED
Effective today, anyone 65 years of age as of 12/31/07, or permanently disabled as of 1/1/07, is eligible to receive the homestead reduction if they owned and occupied the residence as of 1/1/07 . For more information and to fill-in an application online click here or download a form.
Above message from Joe Testa, Franklin County Auditor.


REDUCED PROPERTY TAXES

The program is applicable to everyone owning the home they live in anywhere in Ohio.

Who do you know that is or will be 65 years in 2007? Notify them to apply. They have until October 31, 2007 to make application for reduced property taxes.

Questions, call your county auditor or me
614-766-5330 ext 119

We recently assisted one of our clients in getting a copy of her deed and in completing and filing the application form. We are here to help you, your family, friends and neighbors.


Columbus Market
Preliminary Stats for July

Not too bad considering the news on the national front.

July of 2007 was down in number of closed listings from 2006 by 3.5%
Average sale price for July 2007 vs 2006 was off approximately $2,600

Year to date 2007 vs 2006 number of closed sales is down 6.8%.
Average sale price 2007 vs 2006 was down $2,700.
An improvement from the June report which had number of sales down 10%

The big issue is the inventory size currently at 16,681 with average days on market at 113. Based on number of sales in the first 7 months of 2007, we have a 9.2 month inventory of homes.

The above was taken from the Columbus Board of Realtors MLS system data on August 6, 2007.



Jim Lubinsky
Re/Max Affiliates
614-766-5330 ext 119