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 Tuesday November 21, 2017
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  Township’s Tentative Property Valuation Set At $2.553 Billion  
  St. Elizabeth Hospital Acquires Tax Exempt Status On Its $117 Million Complex:   September 21, 2017 Edition  
      According to figures provided by the Mahoning County Auditor’s Office, the proposed valuation of all properties located in Boardman Township, except for areas zoned agricultural, has been tentatively set at some $2.554 billion, an increase in valuation of slightly more than $20 million over present valuations established six years ago.
      The property valuations are required under Ohio law every six years.
      “Contracted appraisers were hired to review every parcel in Mahoning County (including Boardman Township),” Ralph Meacham, county auditor, said, explaining that following the appraisals, a fair market value has been placed on all properties in the county.
      Properties are then taxed at 35 per cent of the fail market value.
      “Property owners should be aware that an increase or decrease in property value does not mean there will be a corresponding amount of increase or decrease in taxes,” Mr. Meacham said.
      Residential property owners in Boardman who wish to dispute their valuations can do so Oct. 25-27, from 10:00 a.m. to 4:00 p.m. at the Boardman Library, 7630 Glenwood Ave. No appointments are necessary.
      Commercial and industrial property owners can view their new tentative valuations on the auditor’s web site, but will need to call 330-740-2758 to schedule an appointment with a commercial appraiser,” Mr. Meachum said.
      In February and March of 2018, Mahoning County will open a Reappraisal Information Center at the Oak Hill Renaissance Place.
      Mr. Meachum said his office “recognized that establishing property value is an important and sensitive issue. Taxpayers have the right to know how we have established the value on their property.” He encourages property owners to view their new, tentative property values...that will likely be used in the calculation of tax bills due next year by going to the auditor’s office web site where a property search can be completed.
      In other matter, Mr. Meacham told The Boardman News that St. Elizabeth Hospital complex, 8401 Market St. an application for tax exempt status has been approved by the Ohio Department of Taxation.
      The exempt status requires the hospital be refunded some $1.727 million in property tax funds.
      Some township officials suggest the refund could result in a loss of some $360,000 to Boardman Township, and even more to the Boardman Local School District, upwards of $920,000.
      According to the Auditor’s Office, property at the St. Elizabeth Hospital complex at McClurg Rd. and Market St. has a fair market value of upwards of $117 million, but because most of the property has been declared tax exempt, the hospital pays little to nothing in property taxes.
 
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