Date:  January 19, 2012  Time:  12:15 – 4:00pm

Location:  Union Savings Bank 8534 E. Kemper Rd. Cincinnati, OH 45249

Join us for a free seminar on How to Appeal Your Property Tax Assessment sponsored by Finney, Stagnaro, Saba & Patterson Co, LPA.

Presenter: Attorney, Christopher P. Finney  will bring their knowledge of property tax assessment and valuation to this class to discuss the process to obtain reductions in both residential and commercial property tax assessments.

Please RSVP to Theresa Jacobson 513-578-3795.

When: Thursday, January 19, 2011 • 1 – 4:10 pm
Credit: 3 hours of OH core law credit
Fee: $30 CABR members/$40 all others
Instructor: Attorney, Paul Saba, Esq.

RSVP: Annette Chmiel 513-842-3011 or achmiel@cabr.org

Paul will bring his expertise of real estate law to this class to discuss the hot topics and other issues as they relate to Ohio real estate law. Topics for Discussion:

• Senate Bill 185
• Attorney Disclosure: Scope of Employment
• Deeds Revisited
• Tax Reproration
• Ethics Changes
• Disclosure
• Purchase Contract,
• Earnest Money Deposit
• Megan’s Law
• Predatory Lending & “Flipping”
• Title Insurance
• “Short Sales”

You Can Appeal Your Property Taxes

You will learn:

• Why property taxes are so high and what can be done
• How to successfully challenge the value established by the County Auditor
• How property taxes and value are calculated
• Who may file and appeal
• Complaint form and filing procedures
• Other statutory savings

Presenter: Christopher P. Finney, Esq. http://www.fssp-law.com/finney.php

Location: Anderson Center 7850 5 Mile Road Cincinnati OH 45230
Date: February 15, 2011 12:00 – 1:00

RSVP to peg@fssp-law.com

You will learn:

• Why property taxes are so high and what can be done
• How to successfully challenge the value established by the County Auditor
• How property taxes and value are calculated
• Who may file and appeal
• Complaint form and filing procedures
• Other statutory savings

Presenter: Christopher P. Finney, Esq. http://www.fssp-law.com/finney.php

Location: Boy Scout Achievement Center 10078 Reading Road, Cincinnati, OH 45241 NOTE: Please park in the UAW parking lot next door to the Center

Date: March 2, 2011 9:00 – 11:00am

Cost: $35 for Chamber members; $60 for non-members

RSVP to peg@fssp-law.com

Sponsored by: Cincinnati Area Board of Realtors

With the recent decline in property values in counties in the Greater Cincinnati area, as a real estate agent you can provide a valuable service by learning how your clients and customers can reduce their property tax bill.

You will learn:

• Why property taxes are sohigh and what can be done
• How to successfully challenge the value established by the County Auditor
• How property taxes and value are calculated
• Who may file and appeal
• Complaint form and filing procedures
• Other statutory savings

Location: CABR 14 Knollcrest Drive Cincinnati, OH 45237

Date: December 16, 2010 9:00am – 12:00pm

For more information visit http://www.cabr.org/

Join Finney, Stagnaro, Saba & Patterson, LPA and Real Estate Tax Analysts, LLC (RETA) to learn about how you can reduce your property taxes with property tax valuation appeals. This seminar will also introduce real estate professionals to ideas about how to incorporate this opportunity into promotion of their own practice.

The law in each state, as it must under constitutional law, provides for a procedure to challenge and, as appropriate, reduce valuations and taxes. FSSP has organized a tax reduction group consisting of Chris Finney, Paul Saba, Bill Patterson and Pat Veith to evaluate and bring these challenges. They have conducted more than 100 seminars, successfully argued cases in more than 30 counties, and developed valuable relationships with government valuators and private appraisers. All of this has contributed to FSSP’s successes in this practice area.

For a free preliminary evaluation of savings on your commercial or residential property, please contact Emily Rudd at 513-533-2987 or erudd@fssp-law.com

http://www.ohio.com/news/92016874.html

The subject property was sold in an arms-length transaction in December 2003 for $4.79 million, and again in an arms-length transaction in April 2004 for $7.4 million. The increased value in the latter sale was attributable to a long-term lease signed by US Bank in December 2003–before the January 1, 2004 tax-lien date, but after the purchase price for the December 2003 sale was agreed upon. The BTA determined that the the December 2003 sale price was closer in time to the tax-lien date, and therefore more accurately reflected the value of the parcel, even though that sale price did not account for the value of the US Bank lease.

The Supreme Court agreed, holding that that R.C. 5317.03 mandates the use of the price closest in time to the tax-lien date as the true value of the parcel:

In determining the true value of any tract, lot, or parcel of real estate under this section, if such tract, lot, or parcel has been the subject of an arm’s length sale between a willing seller and a willing buyer within a reasonable length of time, either before or after the tax lien date, the auditor shall consider the sale price of such tract, lot, or parcel to be the true value for taxation purposes.

The provision, however is subject to two exceptions–the sale price shall not be considered the true value if the parcel “loses value due to some casualty,” or if “[a]n improvement is added to the property.” The Court does not address whether the US Bank lease should be considered an “improvement,” and if not, why not.

The Court also held that for purposes of R.C. 5713.03, the date of a sale is determined by the date on which the real property conveyance fee statement is filed in the auditor’s office.