Baby Boomers Archives

COLUMBUS #1 IN AMERICA’S MOST AFFORDABLE PLACES TO RETIRE

Posted by Mike Parsons
September 08, 2008 at 05:01 PM

Our river city tops Forbes list of the most affordable places to retire. Our reasonably priced homes, lower inflation rates and low unemployment rates for those over 65 who wish to continue working, all contribute to the ranking.
As well, Columbus has the most doctors per capita and the highest number of citizens (per thousand people) tapping their Medicare benefits. Both issues are extremely important as the population’s life expectancy continues to increase. With people living longer, the need increases to stretch those dollars as much as possible.
The Columbus Board of Realtors launched “The Grass is Greener Here” campaign during the Spring. This was done to quell the negative rumors from the media, who tend to pain national trends as opposed to what’s happening in our local markets. As we know, “all real estate is local.”

On the heels of this latest news, see what others are saying about Columbus:
• ..One of the top 200 Best Places for Business and Careers..."
-Forbes
• ...A top 50 hottest city for expansion and relocation..."
-Expansion Management Magazine
• ...The second best city in the nation for African American families..."
-BET.com
• ..Franklin County is one of the top large counties for recruiting and attracting new business..."
-Expansion Management
• ..15th-largest city in the United States"
• ..One of the fastest-growing major metropolitan areas in the Midwest."
• ...No. 1 among the Top 10 Up-and-Coming Tech Cities..."
-Forbes, March 2008
• ..Seventh-strongest economy in the nation..."
- POLICOM, August 2006
• .Eighth-best big city on Money Magazine's 2006 Best Places to Live list..."
-Money Magazine, 2006
• ..A top hottest city for expansion and relocation..."
- Expansion Management Magazine, 2006
• .No. 9 among the Most Affordable Places to Live Well..."
- Forbes, November 2007
• ...Population in the Columbus Region as grown by 455,000 people (36%) during the last 26 years - to 1.7 million in 2006. Since 1980, Columbus has grown 12 percent faster than the national average and nearly six times faster than the state of Ohio..."
• ...one of the largest college populations in the nation, with 110,000 college students enrolled in 20 higher education institutions. Ohio State University was ranked the largest university in the United States in 2006..."
• ..Fourth-safest city for businesses in the United States..."
- Risk & Insurance Magazine
• ..The state of Ohio ranked number one in the nation for the number of attractive micropolitans for capital investment..."

Contributed by Judy Gray, Relocation Director of Cam Taylor Realtors

How to dispute a tax valutaion on your property in Columbus, Ohio

Posted by Mike Parsons
September 05, 2008 at 04:30 PM

Do you think your property, or your client's property, is valued too high by the Auditor's office for real estate taxes? Check out this article written by good friends of mine Ralph and Brian Berger. There is a complaint process that is administered by the Board of Revision.
If you believe your value is high you will need undisputable evidence to support the valuation. Once you appeal your value, it can go up, down, or stay the same.
Taxes are one year in arrears. Therefore, your tax bill that will come out around December 20, 2007, is for the valuation of your property up to 1/1/07. This means if you have an appraisal for the appeal it should be dated as of 1/1/07.
If property values are dropping in your neighborhood in the year 2007, then this will take effect with your 2008 tax bill.
The county re-evaluates your property taxes every three years. Therefore, the county will be re-evaluating your tax valuation in 2008 (also upon transfer assessed valuation is adjusted to the sales price).
Instruction on filing a tax complaint and forms are located on the Auditor's web site. All local Auditor's web sites are on ColumbusRealtors.com under `Related Links'. Once at the Auditor's web site look for tax complaint or board of revision.
Also you will need to pull up your property record card from the auditor's office (under property search). This will have information needed to fill out the board of revision tax complaint form (i.e., tax district, parcel number, assessed valuation, owner of property and sales history).
Typically for residential properties, if the form is filled out properly and submitted and received before the deadline (March 31), and with evidence (an appraisal completed by a state certified appraiser) supporting a lower value, the board will make a decision and either will accept the appraisal value or set up a formal hearing.
The board of revision, the school board representative, and the person filing the tax complaint (and their attorney and/or appraiser) are usually the parties at the hearing.
The board will review your evidence (usually an appraisal or recent sales of properties or comparable sales of similar properties) for a lower property value. The school board attorney will also have the right to review the evidence and ask questions.
The board then takes the evidence under advisement and will notify by certified mail of their decision.
If the school board is involved they will (1) accept the board's decision or (2) appeal the case if they are in disagreement.
The school board if in disagreement may elect to have the property appraised for the appeal. The school board has a vested interest in real estate property taxes as they receive most of their funds from these taxes.
The appeals hearing is similar to the first hearing except now there is an opposing side.
After all evidence is presented, the board again will take under advisement and notify of their decision later by certified mail.
It is very important to fill out the form completely and properly. If an entity other than an individual is owner of the property the complaint may need to be signed by an attorney. Be careful to meet the deadline, and have substantial evidence to show a reason for a lower value. This form needs to be notarized. Complaints will only be accepted from December to March 31.
I have appeared before several boards of revision on numerous occasions and have found them to be very fair in both the complaint process and their decision.
The auditor's office uses a mass appraisal system to determine the value of your property. The system is good, however, most are expected to be the correct property valuation, but some are also expected to be high and low.
We are currently in a buyer's market in central Ohio as evidenced by larger inventory of houses, longer selling periods and generally leveling prices. Therefore, tax complaints will probably increase in 2008 even though the county will be doing a complete re-evaluation of properties.

By Ralph F. Berger, MAI, SRA and Brian R. Berger, R.F. Berger and Associates, Inc.

Worthington's McConnell Arts Center Coming Soon!

Posted by Mike Parsons
December 22, 2007 at 04:33 PM

Worthington's new arts center will be a great resource for cultural events, entertainment, and education in the Worthington Community. It will be prominently showcased next to Thomas Worthington High School at the corner of Evening Street and Dublin Granville Road. The Worthington Arts Council has debuted the new drawings for the McConnell Arts Center. The structure will feature a 220-seat auditorium, classrooms, studios, offices and exhibit spaces. Most of these areas will be multi-use and will be available for public and private meetings as well as social gatherings. You can see the floorplan and sketches of the exterior at the link below.
http://www.worthingtonarts.org/...

One of the best places to retire in the Nation-Short North-Columbus,OH

Posted by Mike Parsons
December 03, 2007 at 04:37 PM

Money Magazine looked at 30 of the nations largest metro areas and picked the top areas or neighborhoods to retire. Click on the link below to go to the Money Magazine article about the Short North.
Money Magazine Article

How many high school dropouts live in your zip code?

Posted by Mike Parsons
October 17, 2007 at 09:48 PM

This website is a great resource to see Columbus area demographics and allows you to compare them to other surrounding Columbus zip codes. Some areas of interest that are tracked are age, population, education, and income. http://zipskinny.com/

FREE- Columbus Home Buying Workshop

Posted by Mike Parsons
August 29, 2007 at 08:09 PM

9/15/07-We will be hosting a FREE Home Buying Seminar for first time buyers. We thought we would do this class to help first time buyers feel more comfortable going through the home buying process. Often, buyers haven't done the necessary research and aren't prepared for their home purchase. This course is designed for those that hope to buy within the next year, but maybe not tomorrow. It is intended to give home buyers the basics so that everything isn't thrown at them all at once when the time comes to buy. This discussion is intended to disregard the hype and talk about the real issues that are important first time buyers. Subjects that we will talk about are:

1. Typical Steps in a Real Estate Purchase including financing, home search, making and negotiating an offer, to inspections, insurance for your home, and closing on your home.
2. How do I apply for a mortgage loan? What things do I need to be aware of when applying for a mortgage?
3. The biggest mistakes first time homebuyers make in Columbus, OH.

We will have an open forum for any questions big and small after the presentation.

The Free Homebuying Seminar will be held at Park National Bank located 7140 N. High St. Worthington, OH 43085 (Just South of 270 on the corner of Wilson Bridge and High). It will begin at 10am and will go unitl approx. noon depending upon the amount of questions. Light refreshments will be provided. Please call or email to register your seat. 614-523-6818. RSVP is required.
9/15/2007 at 10AM Park National Bank Worthington, OH 43085 614-523-6818 or email mike@parsonsrealestategroup.com to register now!

1-Story Living: Take The Stairs Out Of Your Life!

Posted by Mike Parsons
July 28, 2006 at 02:02 AM

We have seen much more demand in the last year for 1-story living. This trend is being powered by the baby boomers and their parents as they search for a lower maintenance lifestyle. As empty nesters, they usually first look to take the stairs out of their lives. We have seen a better than average rise in values for ranches (one story homes) in the established suburbs that these buyers are coming from, as well as for newer ranch style condos and patio homes. I don't expect this trend to slow as the baby boomers grow older, and their bank accounts grow bigger. Much of this demographic no longer supports children so they are also investigating ranches, condos, and patio homes in the Columbus School District where they are finding thousands of dollars in tax savings per year.

Continue reading 1-Story Living: Take The Stairs Out Of Your Life! »