Franklin County auditor says value increases are good as home reappraisals are released

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Franklin County property owners are studying their new real estate appraisals, and some have sticker shock.

The Franklin County auditor has released updated property values for the nearly 450,000 properties it reappraised this year.

On average the properties saw a 40% increase in appraised value. The Auditor’s Office said the big change is because of the “perfect storm” of a hot real estate market, continued population growth and not enough housing to keep pace.

Auditor Michael Stinziano said that in the places with the most competitive markets, the average increase in value was closer to 68%.

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