Everything posted by 1400 Sycamore
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Hamilton County Auditor
I understand exactly what is going on which has nothing to do with your prior mistaken claim that your property was valued in the past lower than its purchase price. It wasn't. What is going on now is an informal process advising owners that the upcoming reappraisal may change their property values as indicated in the letter from the Auditor, but "requiring" no one to do anything. There is an invitation to disagree with the possible change in value. I have already responded to a dozen of these invitations. Once the re-appraisal is actually made, you will have until March 31, 2018 to file your Petition with the BOR. Again, I find it incredible that this simple process is so muddled on a forum apparently devoted to real property.
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Hamilton County Auditor
The thing is that's not how it works. I've posted an actual example of how I purchased a home three years ago and it was appraised $110K less than my purchase price and $200K less than a similar unit that had sold recently. You clearly only have a superficial understanding of the process which makes your personal attacks on other OU members really bizarre. Your personal experience is not helpful. It works exactly as described above. And, if you are referring to 1126 Race, you purchased it for $355,000 and it is currently valued at $355,000. It has always been appraised at $355,000 since the day you bought it because that was the recent purchase price. Your taxes are not applied to the full amount because of tax loophole financing the developer obtained. That has uttterly nothing to do with the appraisal. Its called TIF financing. Please do not embarrass yourself again.
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Hamilton County Auditor
Wilson: In 1970 Ryland Homes builds three identical 1100 square foot houses on Appleblossom Lane in Bridgetown. They are purchased by Curly, Larry and Moe. Each of the houses have identical improvements over the next 40 years, an added bath on the first floor, enclosure of the rear porch, finished basement with a fourth bedroom and a game room. Today, Larry is still sitting on the living room couch with a Hudy in a bottle. Moe was a union shop steward at Kenner Corp. and got a permit for everything he has done. With the help of a mortgage broker, in 2010 Shaniqua purchased Curly’s widow’s house for about 30% more than it was actually worth - but with no money down. Today, all of the houses are still identical except that Larry and Moe each have cornhole sets in the back yard and Shaniqua’s house can barely be seen from the street because she does not own a lawn mower. Moe’s house is appraised for $175,000 in part because of increases the Auditor has made over the years including the improvements documented in the appraisers’ files from the permits he took out. Larry’s house is still listed in the Auditor’s records as a 3 bedroom with an unfinished basement and one full bath and the value has only been increased or decreased every three years based on overall market values in the immediate area. It is currently valued at 129,000. Shaniqua’s house has been valued at $229,000 the price she (paid) for it in 2010. Taestell: Oh, I think I get it. Jake: Capitalists have broken into the County Admin Building and are holding Dusty hostage. Crites: He can’t talk to us like that! Uber: I hate math. It makes my head feel all fuzzy inside.
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Hamilton County Auditor
Nothing except the only actual answer to the question of how sales of properties relate to Auditors' valuations. /s Taestell, you might take note that this also answers your question, in part, in that a recent sale of the subject property determines its value but not that of a different property. As to that it is only a possible comparable. Maybe one of 20. But, Uber, i did not expect you to understand that. And, you may be mystified or maybe shocked to hear that the Auditor uses actual "appraisers." Those are people who are conversant in the process of appraisal and are employed by the County for that purpose. Can you believe that? But, you can use Zillow's algorithm if that is more "transparent for you.
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Hamilton County Auditor
For a forum of persons who are interested in real property, as a group you seem to be incredibly un-curious about the actual process. The Auditor performs a function that is prescribed by a statute. Here is what it says: 5713.03. Taxable valuation of real property [Effective March 27, 2013] The county auditor, from the best sources of information available, shall determine, as nearly as practicable, the true value of the fee simple estate, as if unencumbered but subject to any effects from the exercise of police powers or from other governmental actions, of each separate tract, lot, or parcel of real property and of buildings, structures, and improvements located thereon and the current agricultural use value of land valued for tax purposes in accordance with section 5713.31 of the Revised Code, in every district, according to the rules prescribed by this chapter and section 5715.01 of the Revised Code, and in accordance with the uniform rules and methods of valuing and assessing real property as adopted, prescribed, and promulgated by the tax commissioner. The auditor shall determine the taxable value of all real property by reducing its true or current agricultural use value by the percentage ordered by the commissioner. 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 may consider the sale price of such tract, lot, or parcel to be the true value for taxation purposes. However, the sale price in an arm’s length transaction between a willing seller and a willing buyer shall not be considered the true value of the property sold if subsequent to the sale: (A) The tract, lot, or parcel of real estate loses value due to some casualty; (B) An improvement is added to the property. Nothing in this section or section 5713.01 of the Revised Code and no rule adopted under section 5715.01 of the Revised Code shall require the county auditor to change the true value in money of any property in any year except a year in which the tax commissioner is required to determine under section 5715.24 of the Revised Code whether the property has been assessed as required by law. The county auditor shall adopt and use a real property record approved by the commissioner for each tract, lot, or parcel of real property, setting forth the true and taxable value of land and, in the case of land valued in accordance with section 5713.31 of the Revised Code, its current agricultural use value, the number of acres of arable land, permanent pasture land, woodland, and wasteland in each tract, lot, or parcel. The auditor shall record pertinent information and the true and taxable value of each building, structure, or improvement to land, which value shall be included as a separate part of the total value of each tract, lot, or parcel of real property.
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Hamilton County Auditor
All that is happening now is the informal review process. It may or may not equal the the final assessment in January. One of my OTR properties is proposed to be raised 50% and nothing has been improved on that property for 10 years.
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Cincinnati: Over-the-Rhine: Ziegler Park Renovation
Sycamore Street was paved and painted last night and it looks quite nice. However, they are completely kidding themselves if they think that the little crosswalk bump out and the white cross walk lines are "traffic calming." The traffic on Sycamore is nutz. 40-50 mph is not at all unusual for cars passing that crosswalk. They will need to do more.
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Cincinnati: Over-the-Rhine: Development and News
1400 Sycamore replied to The_Cincinnati_Kid's post in a topic in Southwest Ohio Projects & ConstructionCare to share your plans for the building? I'll put something up eventually. I will say that a highly respected relocation specialist is working with the tenants. But, as usual, there is not one fact in the City Beat article that is correct other than that tenants are being relocated. The so-called man with diabetes who spoke on the record is not a tenant at 1400 Sycamore.
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Cincinnati: Over-the-Rhine: Development and News
1400 Sycamore replied to The_Cincinnati_Kid's post in a topic in Southwest Ohio Projects & ConstructionWell, maybe people don't want to hear about it, but I am certainly not going to apologize for calling out the hideous murals. Artworks and the ODOT are on equal footing as far as I am concerned as to the damage they have caused.
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Cincinnati: Over-the-Rhine: Development and News
1400 Sycamore replied to The_Cincinnati_Kid's post in a topic in Southwest Ohio Projects & ConstructionIn general, the murals are a complete menace. Covering lovely soft toned 150 year old masonry with pictures of idealized street scenes in primary colors should be a crime. This graphic mural is not as horrible, but it will not be missed. Should be washed off of there entirely now that it has lost its artistic "integrity."
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Cincinnati: Clifton: Development and News
All your tribalist comments about "Cliftonoids" are oozing with the smell of a small minded old school Cincinnatian ;) (whatever that smells like does risk adverse negativity have a smell?) Ah, your personal insult betrays you. You should learn that this adds nothing to the discussion other than showing your weakness. Ironically, it was small mindedness of the Cliftonoids that caused this debacle. Nostalgia for a day when suede patch jacketed bearded gents and Mama Cass moo moo attired ladies, each with a copy of the Rolling Stone or Mother Jones in their cart carefully selected a bunch of organic greens, caused these folks to be blinded to the realities of modern shopping. Hence the failure of an experiment that should never have been conducted. You are personally insulting a whole neighborhood. I'm surprised this forum lets you get away with it. Its downright bad. How would you feel if I said that your neighborhood was full of old conservative crumugeons who have no concept of reality because they love to wallow in their own stereotypes of the world around them without taking anytime to actually talk to people or experience and think about how different people or places act? Of course not because your own viewpoint is the ONLY right one and the only one we should all follow ;) I think I can answer that. First, I think from my couple hundred visits to Kellers in the 45 years after my only local relatives moved to Clifton, I have some basis for my observations about Cliftonoids in general and Kellers in particular. Second, although I might disagree with you that my neighborhood, Hyde Park, is as you described, it would not be my first reaction to shoot off to you the personal insult you so richly deserve. Finally, don't you see the irony of a person who's stock in trade is the gratuitous personal insult, you, lecturing another on forum behavior. I don't hate Cliftonoids or Kellers. They are who they are. Its just that the Clifton Market started out in its own death spiral. Wasting time, attention or resources on it is a fools errand - unless, of course it can become a legal cannabis dispensary. then it has a chance.
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Cincinnati: Clifton: Development and News
All your tribalist comments about "Cliftonoids" are oozing with the smell of a small minded old school Cincinnatian ;) (whatever that smells like does risk adverse negativity have a smell?) Ah, your personal insult betrays you. You should learn that this adds nothing to the discussion other than showing your weakness. Ironically, it was small mindedness of the Cliftonoids that caused this debacle. Nostalgia for a day when suede patch jacketed bearded gents and Mama Cass moo moo attired ladies, each with a copy of the Rolling Stone or Mother Jones in their cart carefully selected a bunch of organic greens, caused these folks to be blinded to the realities of modern shopping. Hence the failure of an experiment that should never have been conducted.
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Cincinnati: Clifton: Development and News
Perhaps you should try running it. You clearly understand the business better than them. Obviously. A group of Cliftonoids contacted me shortly after Keller's closed to try to put a deal together to finance it and I told them then it was a big waste of time, money and valuable real estate to try to create a new full service grocery in a failing market. Even worse, a co-op. There was a time when Hyde Park Square had two full service groceries, a third nearby and three extended butcher shops where you could get produce and canned goods. All closed. And, people in HP don't even care much about the money compared to the penny pinchers in Clifton. This was a fools errand from day one.
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Cincinnati: Clifton: Development and News
One can just smell the socialism ooozing from the Clifton Market. To solve their defective business plan their solution is to urge members and supporters to "increase" their weekly spending. Too bad they can't be compelled to spend more at the Market. Or, they propose alternatively, to seek more investor money. How about offering better products at lower prices and good service?
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Cincinnati: Downtown: Bay Horse Cafe (625 Main Street)
Nice write up. The place has a great feel. Old school bar.
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Cincinnati: Downtown: Bay Horse Cafe (625 Main Street)
Soft Opening Friday 30th and Sat 31st. Uber not invited. :-D :-D :-D
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Cincinnati: Downtown: Bay Horse Cafe (625 Main Street)
I didn't say the roll up would stay or go. I said it would be driven by security concerns. Geez, another sidewalk superintendent who can't take a bit of good news without pissing on someone.
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Cincinnati: Downtown: Bay Horse Cafe (625 Main Street)
I think the roll up door grate will be driven by security needs. I think for the time being, what you see is what you are going to get. I did suggest it would be a hell of an Airbnb.
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Cincinnati: Downtown: Bay Horse Cafe (625 Main Street)
Fred has rescued this property from becoming a part of the Aronoff's parking lot into the return after a short hiatus in its 200 years as a watering hole in downtown. Glad that the sign renovation was noticed, but only Fred would have simply returned this landmark to the charm and place of historic importance it deserved. It is glitz free. Lovely restoration inside preserving even the tile floors. It may not turn out to be the trendiest place in the CBD, and the Aronoff folks may use all of their powers to oppose it, but look for a soft opening later this month or first of next at the latest. I'll post it first here.
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Cincinnati: Over-the-Rhine: Ziegler Park Renovation
Sunday's video. Pool filling up again today.
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Cincinnati: Over-the-Rhine: Ziegler Park Renovation
BS: Channel 9 News just ran video. Not a single black person in the water. There were a few persons of color standing around over by the concession by afternoon when the video was made. I spent the whole day until 1pm 300 feet from the pool. You are a liar Jacob. I doubt you even drove by.
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Cincinnati: Over-the-Rhine: Ziegler Park Renovation
Not based on what I saw people posting on Instagram. Looked like a lot of neighborhood kids were using it today too. I am sure it was neighborhood kids. I watched them walk down Sycamore with towels and pool toys. I was there. Not a single person of color inside the pool area when I left.
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Cincinnati: Over-the-Rhine: Ziegler Park Renovation
Well, the pool is open. I'd say it is every bit as well fixtured and designed as any private club pool. Its pay to play for the pool area, a concession and outside the fenced area an open to all spray ground. There were about 40 people in the pay area, all of which looked like gentrifiers. News cameras on the scene. Photos here:
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Cincinnati: Over-the-Rhine: Development and News
1400 Sycamore replied to The_Cincinnati_Kid's post in a topic in Southwest Ohio Projects & ConstructionAffordable housing open house at Peaslee this morning. Tour of 1300 block of Broadway.
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Cincinnati: Over-the-Rhine: Ziegler Park Renovation
I spoke with the greenspace contractor today and he says they will use sod on the passive green space in front of Alumni Lofts. So expect a finished green space to appear without notice shortly.