There will be reassessment of every piece of property in Lawrence country in January. This country has the lowest property tax rate. Country auditor has announced a new education campaign to alert homeowners about revaluation. With the help of this new campaign, homeowners will know the correct value of their property. In some areas like California, Arizona, and Florida property values have decreased due to economic problems, but property values locally have not been impacted. Due to economic problems there is staleness in the market. There has not been a lot of activity in the market. Sellers are hoping prices stay constant while buyers think prices are coming down. Property prices are falling in certain parts of Arizona, so it would be a great time to buy a house.

Assessment values in country are lower than the rate the properties are selling for. Based on a sample of 173 homes for a total of $15.9 million, those properties were assessed at $13.3 million, meaning the parcels were assessed at only 83 percent of their value. The property values are to be no less than 90 percent of sale values and no more than 110 percent of sale values. The country auditor's association of Ohio has developed a new program called your home, your value. All your questions can be answered if you visit their site.