July 2026 Property Tax Update: New Credits, Extended Due Dates & What It Means for Ohio Homeowners

If you’ve been waiting for your second-half property tax bill this summer, you’re not alone.

Several Ohio counties have delayed mailing tax bills and extended payment deadlines while implementing Ohio House Bill 186, legislation signed by Governor Mike DeWine that created the new Inflation Cap Credit. The law required county auditors and treasurers across the state to update tax software, recalculate qualifying property tax bills, and issue revised tax statements before bills could be mailed.

For homeowners, realtors, buyers, and sellers, here’s what you need to know.

Why Are Property Tax Bills Delayed?

Normally, second-half real estate tax bills are issued in late June or early July. This year, implementation of House Bill 186 required counties throughout Ohio to modify tax calculation systems before certifying tax bills.

Because the new credit applies to qualifying school operating levies for Tax Year 2025, every affected county had to complete extensive recalculations before tax bills could be finalized.

The result has been delayed billing schedules and extended payment deadlines in several counties.

Current Southwest Ohio Due Dates

As of July 9, 2026, the following due dates have been announced:

County Second-Half 2025 Property Tax Due Date
Auglaize August 14, 2026
Brown July 31, 2026
Butler July 19, 2026
Clark August 7, 2026
Clermont August 7, 2026
Clinton July 31, 2026
Darke Not yet announced (anticipated early August)
Franklin July 20, 2026
Greene August 14, 2026
Hamilton July 24, 2026
Highland August 7, 2026
Miami August 20, 2026
Montgomery July 24, 2026
Preble July 31, 2026
Shelby August 3, 2026
Warren August 12, 2026

Late Payment Penalties

Most Ohio counties apply the following statutory penalties for late payment of real estate taxes:

  • 5% penalty if payment is received within the first 10 days after the due date.
  • 10% penalty if payment is received more than 10 days after the due date.

Exceptions: The following counties assess a 10% late penalty immediately after the due date, without the initial 5% grace period:

  • Darke County
  • Montgomery County
  • Preble County

Note: Due dates and penalty policies are current as of publication but may change. Property owners should always verify payment deadlines and late-payment policies with their county treasurer before remitting payment.

What Is the Inflation Cap Credit?

House Bill 186 established the Inflation Cap Credit, sometimes referred to as the 20-Mill Floor Credit, to provide targeted property tax relief in qualifying Ohio school districts following recent increases in property values.

The amount of any credit depends on several factors, including the property’s taxable value, school district, and applicable operating levies. As a result, some homeowners may see a noticeable reduction on their tax bill, while others may receive a smaller credit—or none at all.

Why School District Matters

One of the biggest questions homeowners have is why neighbors living only a few miles apart may receive very different tax credits.

The answer lies in each school district’s levy structure.

Districts that were already at or near Ohio’s statutory 20-mill floor generally will experience little or no change under House Bill 186. Other districts may qualify for larger credits depending on their existing operating levies and recent increases in property values.

Montgomery County: Why the Delay Was More Significant

Montgomery County experienced additional complexity because multiple school districts are affected by the new calculations, including districts that participate in the Montgomery County Career Technology Center (CTC) tax structure.

School districts associated with the Montgomery County CTC include:

  • Huber Heights
  • Brookville
  • Northmont
  • Jefferson Township
  • Northridge
  • Trotwood-Madison
  • Vandalia-Butler

Additional Montgomery County school districts affected by the new calculations include:

  • Miamisburg
  • Valley View
  • New Lebanon
  • Centerville
  • Kettering
  • Dayton
  • Oakwood
  • Mad River

Because each district has different levy structures, tax calculations had to be updated individually before Montgomery County could certify and issue second-half tax bills.

What This Means During Your Closing

Fortunately, these changes should have little impact on most real estate transactions.

Title companies routinely prorate property taxes between buyers and sellers using the best certified tax information available at the time of closing. When updated tax bills have not yet been issued, Ohio’s established closing procedures allow transactions to proceed while ensuring taxes are prorated fairly.

If revised tax information becomes available before closing, settlement figures can be adjusted accordingly.

What Homeowners Should Do

If your mortgage company escrows your property taxes, you generally do not need to take any action. Your lender will receive the tax bill and submit payment by the applicable due date.

If you pay property taxes directly:

  • Watch for your official tax bill.
  • Review your bill for any Inflation Cap Credit that may apply.
  • Pay by your county’s revised due date to avoid penalties.

Landmark Is Here to Help

Legislative changes like House Bill 186 often generate questions for homeowners, REALTORS®, buyers, sellers, and lenders. While Landmark Title Agency South cannot provide tax or legal advice, our experienced closing professionals closely monitor changes affecting Ohio real estate transactions and are happy to explain how delayed tax bills or revised due dates may impact your closing.

If you have questions about property tax prorations or your upcoming transaction, contact the Landmark Title Agency South team. We’re committed to making every closing smooth, accurate, and stress-free. 937.432.6300

This information is current as of July 9, 2026. Property tax due dates and county announcements are subject to change. Homeowners should always verify payment deadlines with their county treasurer.

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deepfake cybersecurity, fbi alert

AI, Deepfakes, and Real Estate Fraud: Why Buyers, Sellers, Realtors, and Lenders Need to Pay Attention

Not long ago, consumers were taught to look for suspicious emails filled with spelling errors, unusual grammar, and questionable links. Today, those warning signs are disappearing.

Artificial intelligence (AI) has fundamentally changed the fraud landscape. Cybercriminals are now using AI-generated emails, voice cloning, deepfake technology, and sophisticated impersonation tactics to create scams that are increasingly difficult to detect.

The FBI has identified AI-enabled fraud as one of the fastest-growing cybercrime threats facing consumers and businesses. In 2025 alone, the FBI received more than 22,000 complaints involving AI-related fraud schemes, resulting in nearly $893 million in reported losses. Meanwhile, real estate fraud generated 12,368 complaints and more than $275 million in losses nationwide.

For those involved in real estate transactions, the implications are significant.

The New Face of Fraud

Real estate transactions have always been attractive targets for criminals because they involve large financial transfers, multiple parties, and strict timelines.

Artificial intelligence now allows criminals to make fraudulent communications appear legitimate.

Today’s scammers can:

• Generate professional-looking emails that mimic title companies, lenders, and realtors

• Clone voices using short audio clips found online

• Create fake identification documents

• Produce realistic property listings and seller profiles

• Impersonate trusted professionals involved in a transaction

• Create video deepfakes that appear authentic

These technologies are no longer experimental. They are being actively used in fraud schemes today.

Imagine This Scenario

You are scheduled to close on your new home in three days.

You receive a phone call from someone who sounds exactly like your real estate agent. They explain that a banking issue has occurred and provide updated wiring instructions. Minutes later, you receive an email that appears to come from the title company confirming the change.

The email contains the correct property address. The timing makes sense. The voice is familiar. Everything appears legitimate.

The problem?

Neither communication came from your agent or title company.

The voice was generated using AI. The email was created using information stolen from previous communications. The wiring instructions lead directly to a criminal’s account.

Unfortunately, this scenario is no longer hypothetical. Industry experts and federal investigators are reporting growing use of AI-generated voices, email compromise schemes, and impersonation tactics designed to redirect closing funds.

Voice Cloning Is Becoming Alarmingly Easy

One of the most concerning developments is AI voice cloning.

According to recent FBI warnings, criminals can use AI-generated voice technology to impersonate trusted individuals and organizations. With only seconds of publicly available audio, scammers can create voice recordings that sound remarkably authentic.

Think about how much audio is publicly available today:

• Social media videos

• Podcasts

• YouTube interviews

• Webinars

• Voicemails

• Public speaking engagements

A short clip may be all a criminal needs to create a convincing voice clone.

The FBI has issued multiple warnings that AI-generated voice scams are becoming increasingly common and difficult to identify.

Realtors, Lenders, and Title Companies Are Targets, Too

This is not just a threat to homebuyers and sellers.

Real estate professionals themselves are becoming targets.

Criminals are impersonating agents, title professionals, lenders, and attorneys because these individuals are trusted participants in a transaction. A convincing email or phone call appearing to come from a known professional can dramatically increase the likelihood that a victim complies with fraudulent instructions.

The result is that every participant in a transaction must remain vigilant.

Why Traditional Fraud Detection No Longer Works

Historically, many scams were easy to identify.

Poor grammar.

Misspelled words.

Strange email formatting.

Suspicious language.

Artificial intelligence is eliminating many of those indicators.

Modern AI tools can generate polished, professional communications in seconds. They can mimic writing styles, replicate branding, and create messages that appear entirely legitimate.

In many cases, consumers can no longer rely solely on appearance to determine whether a communication is authentic.

The Most Important Rule: Verify Before You Act

Fortunately, one simple habit remains highly effective.

Verify independently.

Before sending funds, changing account information, or responding to urgent requests:

• Call us at our trusted phone number at Landmark Title Agency South: 937.432.6300.

• Contact your realtor directly at their trusted phone number.

• Confirm instructions through established communication channels.

• Never rely solely on information contained in an email, text message, or voicemail.

• Be especially cautious of last-minute changes involving money.

A two-minute phone call can prevent a six-figure loss.

The Human Element Still Matters

Artificial intelligence is changing the way fraud occurs, but it has not changed the most effective defense: human verification.

At Landmark Title Agency South, we encourage buyers, sellers, realtors, and lenders to remain vigilant throughout every transaction. Technology will continue to evolve, but careful communication, verification procedures, and trusted relationships remain essential safeguards.

As AI-powered scams become more sophisticated, awareness is no longer optional. It is a critical part of protecting one of the largest financial transactions most people will ever make.

Sources

Federal Bureau of Investigation (FBI), Internet Crime Complaint Center (IC3) 2025 Annual Report, released April 2026. Reported 12,368 real estate fraud complaints, $275.1 million in losses, and more than 22,000 AI-related complaints resulting in approximately $893 million in losses.

Federal Bureau of Investigation Public Service Announcement regarding AI-generated voice impersonation and “vishing” scams, May 2025.

American Land Title Association (ALTA), “AI, Deepfakes and the New Face of Fraud in Real Estate,” June 2025.

HousingWire, “How Fraud Gets Stopped in Its Tracks by Real Estate and Title Pros,” April 2026.

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Why Title Work Matters More Than Ever

Risk, Fraud, and the Real Value Behind Every Closing

In today’s real estate environment, the closing table is more than a final step—it’s a critical checkpoint in a transaction filled with legal, financial, and cybersecurity risk.

And those risks are not hypothetical. They are measurable, costly, and increasing.

 

Fraud Is Real—and Expensive

Cybersecurity

Real estate fraud continues to be one of the most serious threats in a transaction.

According to the American Land Title Association (ALTA), fraud and forgery claims represent approximately 21% of total title insurance claim costs, with the average claim exceeding $143,000. Refinance-related fraud claims are even higher, averaging more than $200,000 per claim.

 

 

At the same time, cybercrime is accelerating. The Federal Bureau of Investigation reports that business email compromise (BEC)—a common tactic used in real estate wire fraud—contributed to billions of dollars in losses annually, with total cybercrime losses reaching $16.6 billion in 2024.

Most fraud doesn’t start at the closing table. It starts in your inbox.

 

Title Work Is Risk Prevention—Not Paperwork

Risk Management

One of the biggest misconceptions in real estate is that title work is administrative.

In reality, it is one of the most important forms of risk prevention in the entire transaction.

ALTA reports that the title industry helps mitigate between $600 billion and $900 billion in potential risk exposure annually, with that number exceeding $1 trillion during peak market periods.

 

Additionally, nearly 30% of title claims involve issues that are not discoverable through public records alone. This means many of the most serious risks require professional expertise to identify and resolve.

These issues can include:
Unknown heirs
Forged or improperly recorded documents
Undisclosed liens
Errors in legal descriptions

Many of the most costly problems are invisible without expert review.

 

Claims Data Reinforces the Need for Protection

Data protection

 

Title insurance is not theoretical. It is backed by real claims activity.

ALTA reports that the industry paid more than $336 million in claims in the first half of 2025 alone, demonstrating the ongoing need for protection against title defects and fraud.

 

This is what title insurance is designed to do:
Identify issues before closing
Resolve them whenever possible
Protect property owners and lenders when issues arise

 

Cybersecurity Is Now Part of Every Closing

Secure file with padlock

 

ALTA’s Cybercrime and Wire Fraud Study found that:
Over 90% of title companies report cyberattack attempts are increasing or staying the same
Nearly 60% have experienced attempted fraud, including wire fraud and business email compromise

 

These findings reinforce an important reality: Security is no longer optional. It is essential.

At Landmark Title Agency South, that means:
Verifying all wire instructions
Using secure communication protocols
Educating clients and partners on fraud prevention

 

A Strong Industry Backing Every Transaction

Alta Logo

 

The title industry remains a stable and essential part of the real estate market.


According to ALTA:

$3.9 billion in title insurance premiums were generated in Q1 2025
$4.5 billion in Q2 2025
$16.2 billion total premiums in 2024

These numbers reflect an industry built on protecting property rights and financial security. One that is supported by strong reserves and consistent claims performance.

 

Technology Is Advancing—But Expertise Still Leads

Data analysis

The title industry continues to evolve with digital tools and closing innovations.

ALTA reports that the number of title companies offering digital closings has increased significantly in recent years, reflecting growing demand for efficiency and convenience.

But while technology improves speed, it does not replace expertise.

Careful review by skilled staff, informed judgment, and accountability remain at the core of a secure closing.

 

The Landmark Difference

Landmark Team 2026

 

For buyers, sellers, lenders, and real estate professionals, the value of title work is not always visible.

 

It’s found in what doesn’t happen:
The fraud that is prevented
The issue that is caught early
The risk that is resolved before it becomes a problem

At Landmark Title Agency South, every closing is approached with that responsibility in mind. We combine experience, precision, and protection to ensure your transaction is not just completed, but completed with confidence.

_________________
Sources
American Land Title Association (ALTA) – Claims Analysis; Market Share & Premium Reports; Cybercrime & Wire Fraud Study
Federal Bureau of Investigation – Internet Crime Report 2024 (Business Email Compromise & Cybercrime Losses)

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New FinCEN AML Real Estate Reporting Rule

New FinCEN AML Real Estate Reporting Rule Takes Effect March 1, 2026


What It Means for Certain Property Transfers and How Landmark Title Agency South Is Prepared

 Beginning March 1, 2026, a new federal Anti-Money Laundering (AML) reporting rule issued by the Financial Crimes Enforcement Network (FinCEN) will change reporting requirements for certain residential real estate transactions nationwide.

If you are a realtor, lender, buyer, seller, or investor, this is an important regulatory update to understand. The rule introduces new reporting obligations tied to specific types of property transfers. This rule applies nationwide.

At Landmark Title Agency South, we have been preparing in advance so our clients and partners can continue to close with confidence.


Why This New Rule Exists

FinCEN’s new AML real estate reporting rule is designed to increase transparency in property transfers involving legal entities and trusts that do not use traditional financing. Regulators have identified certain transaction structures as higher risk for misuse, and this rule establishes standardized federal reporting to address those risks.

While prior FinCEN Geographic Targeting Orders (GTOs) applied only to select counties and markets, this new rule creates a consistent national reporting framework.


Which Transactions May Trigger Reporting

Under the new rule, reporting may be required for certain non-financed residential real estate transfers involving:

  • Legal entities
  • Trusts
  • Structured ownership arrangements

Important clarifications:

  • “Residential real property” is defined broadly
  • Coverage may extend beyond typical 1–4 family homes
  • “Non-financed” is broader than simply “all cash”
  • Certain transaction types are exempt
  • Responsibility to report follows a defined role order among settlement participants

Not every transaction will be reportable — but some will require additional documentation and federal filing.


Reporting Deadlines and Compliance Requirements

When reporting is required, the rule establishes:

  • Specific post-closing filing deadlines
  • Required identity and transaction data collection
  • Federal record-retention standards
  • Defined responsibility based on transaction roles
  • Potential civil and criminal penalties for non-compliance

Accuracy, timing, and documentation controls are essential under the new framework.


What This Means for Realtors, Lenders, Buyers & Sellers

For most traditionally financed residential transactions, the closing process will feel very familiar.

However, for transactions that fall within the reporting scope, parties may be asked to provide additional information or verification details. These steps are designed to meet federal compliance requirements — not to delay closings — and will be handled through structured procedures.

Clear communication and early identification will be key to avoiding surprises.


How Landmark Title Agency South Is Handling the Change

Landmark Title Agency South has implemented updated compliance procedures, workflow checkpoints, and staff training to support the new FinCEN reporting requirements.

When applicable, our team will:

  • Identify reportable transactions early in the process
  • Guide parties through required information collection
  • Coordinate secure documentation handling
  • Manage reporting timelines
  • Maintain required compliance records
  • Communicate clearly with all transaction partners

Our objective is to integrate compliance into the closing process — not disrupt it.


A Trusted Closing Partner Matters More Than Ever

Regulatory requirements in real estate continue to evolve. Having an experienced, proactive title partner helps ensure transactions remain secure, compliant, and on schedule.

Landmark Title Agency South remains committed to:

  • Transaction security
  • Regulatory compliance
  • Clear communication
  • Efficient closings
  • Local expert support


Questions About the New FinCEN Rule?

If you have questions about how the March 1, 2026, FinCEN AML reporting rule may affect an upcoming transaction, our team is here to help.


Contact Landmark Title Agency South — the Landmark Team is ready.

937.432.6300 | info@landmarktitlesouth.com

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Owner’s Title Insurance: Why It’s More Important Than Ever in a Changing Market

In today’s fast-moving and often unpredictable real estate market, homebuyers are making some of the biggest investments of their lives. With interest rates, housing demand, and economic conditions in constant flux, protecting that investment is more important than ever. That’s where Owner’s Title Insurance comes in—a one-time purchase that can save you from significant financial and legal headaches down the road.

What Is Owner’s Title Insurance?

Owner’s title insurance protects your ownership rights against past issues that may not have been discovered during the title search process. Unlike lender’s title insurance, which only protects the mortgage company, an owner’s policy shields you—the buyer—against potential legal claims and title defects that could threaten your homeownership.

Why Some Buyers Skip It (And Why They Shouldn’t)

Because owner’s title insurance is optional in many states, some buyers choose to skip it—especially when trying to reduce closing costs. But this small, one-time expense is nothing compared to the potential financial loss and legal complications of a title dispute. Common hidden risks include:

  • Undiscovered liens or unpaid property taxes from previous owners

  • Boundary disputes that affect your land or access

  • Unreleased mortgages or documentation errors

  • Claims from unknown heirs who may contest ownership

Even with the most thorough title search, not every risk can be uncovered in advance. That’s why an owner’s policy is such a smart safeguard.

Peace of Mind for the Life of Your Ownership

Owner’s title insurance offers protection for as long as you or your heirs own the property. It covers legal fees and losses if a covered claim arises, providing you with true peace of mind in a constantly evolving real estate landscape.

In a Shifting Market, Protection Matters More

As the market changes, so do the risks. Quick sales, foreclosures, or improperly filed documents can increase the chance of title issues slipping through. Owner’s title insurance ensures your rights are defended—no matter what’s happening in the housing market.

Have questions or ready to learn more?
Email us at info@landmarktitlesouth.com or call 937.432.6300 to speak with a title expert at Landmark Title Agency South.

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Protecting Your Closing: How Landmark Title Prevents Wire Fraud in Ohio Real Estate

“I didn’t think it could happen to us.”

Sad homebuyers

During a real estate transaction, 1 in 4 consumers and businesses are targeted for wire fraud.
Prepare and don’t fall for it yourself.
– The Landmark Team and CertifID

Wire fraud is a growing threat in real estate, with criminals targeting buyers, sellers, and agents by intercepting emails and spoofing account details. These schemes often result in stolen funds and delayed or canceled closings. At Landmark Title Agency South, we take proactive steps to prevent wire fraud, including our trusted partnership with CertifID—a leading wire fraud protection platform.

Through our collaboration with CertifID, we:

  • Secure communication portals
  • Verify identity before funds are transferred
  • Utilize encrypted email systems
  • Offer guaranteed protection for wire transfers
  • Educate clients on safe communication practices

We never change wiring instructions via email, and we strongly advise clients to verify all details by phone using known numbers. CertifID adds another layer of security, providing peace of mind with every transaction.

For more information, please email us at info@landmarktitlesouth.com or call 937.432.6300.

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Landmark Team’s CEO, Chris Cartwright, speaks on Title Fraud with Sandy Collins, iHeartCinci Podcast

Landmark Team’s CEO, Chris Cartwright, speaks on Title Fraud, an increasingly problematic problem in America. Chris was invited to discuss this pressing topic with Sandy Collins, host of iHeartCinci Podcast, after Sandy received an FBI alert on the topic.[/vc_column_text][/vc_column][/vc_row]

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The Role of Title Insurance in Real Estate Transactions

The Role of Title Insurance in Real Estate Transactions

In the realm of real estate transactions, the significance of title insurance cannot be overstated. Serving as a critical safeguard against unforeseen ownership disputes and title defects, title insurance plays a pivotal role in ensuring the smooth transfer of property ownership. In our newsletter, “The Role of Title Insurance in Real Estate Transactions: Best Practices and Case Studies,” we explore the fundamental importance of title insurance, highlight best practices for its implementation, and examine real-world case studies that underscore its value in protecting stakeholders.

Understanding the Importance of Title Insurance

Title insurance serves as a shield, protecting property owners, lenders, and other stakeholders from potential risks associated with title defects, liens, encumbrances, and fraud. Unlike other forms of insurance that protect against future events, title insurance provides coverage for past occurrences that may jeopardize property ownership rights.

A comprehensive title search and examination are conducted during the underwriting process to identify any issues that may affect the property’s title. This diligent review helps to mitigate risks and ensure that the title is free and clear, providing peace of mind to all parties involved in the transaction.

Best Practices for Implementing Title Insurance

To maximize the efficacy of title insurance in real estate transactions, industry professionals should adhere to a set of best practices:

1. Thorough Due Diligence: Conduct comprehensive title searches and examinations to identify any existing or potential title defects, liens, or encumbrances.

2. Clear Communication: Maintain open and transparent communication with clients, explaining the importance of title insurance and addressing any concerns or questions they may have.

3. Customized Coverage: Tailor title insurance policies to meet the specific needs and circumstances of each transaction, considering factors such as property type, location, and intended use.

4. Risk Management Strategies: Implement proactive risk management measures to mitigate potential title-related risks, such as obtaining endorsements or conducting additional searches for specific issues.

5. Continual Education: Stay updated on industry trends, regulatory changes, and emerging risks through ongoing education and professional development.

Case Studies Illustrating the Value of Title Insurance

Real-world examples offer compelling evidence of the critical role that title insurance plays in safeguarding property rights and mitigating financial risks. Consider the following case studies:

1. The Hidden Lien: In a residential real estate transaction, the title search revealed an undisclosed mechanic’s lien against the property. Thanks to the comprehensive title insurance policy obtained by the buyer, the title company resolved the lien issue, protecting the buyer’s investment and preventing costly legal battles.

2. Boundary Dispute Resolution: A commercial property purchase was nearly derailed when a neighboring landowner claimed ownership of a portion of the property’s land. The title insurance policy provided coverage for the legal costs associated with resolving the boundary dispute, allowing the transaction to proceed smoothly.

3. Fraudulent Title Transfer: In a case of identity theft, an individual fraudulently transferred ownership of a property and attempted to sell it to an unsuspecting buyer. The title insurance company intervened, uncovering the fraudulent activity and restoring the rightful ownership to the original owner, thus preventing financial loss and legal complications.

These case studies underscore the invaluable protection afforded by title insurance in real estate transactions, highlighting its role in mitigating risks and preserving property rights.

Conclusion

As demonstrated, title insurance is a cornerstone of real estate transactions, providing essential protection against a myriad of potential risks. By adhering to best practices and leveraging the insights gleaned from real-world case studies, industry professionals can ensure the effective implementation of title insurance, safeguarding the interests of all parties involved in the transaction. Our newsletter serves as a valuable resource for navigating the complexities of title insurance and maximizing its benefits in real estate transactions.

Article published by Real University

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Mapped: What You Need to Earn to Own a Home in 50 American Cities

(Source: Home Sweet Home & Visual Capitalist)

A map of the U.S. with the median home price as well as the salary needed to own a home 50 American cities.

Once a fundamental part of the American dream, the ability to own a home is drifting farther and farther away for many Americans.

Between skyrocketing prices, stagnating wages, and now rising interest rates, the deck seems to be increasingly stacked against home ownership.

Using May 2023 data tabulated by Home Sweet Home, we map out the annual salary needed to afford a 30-year mortgage (at 6.37%) to buy a home in America’s 50 most populous metropolitan areas.

The monthly minimum mortgage payment includes taxes and insurance as well, and is capped at roughly one-third of the income. This analysis also assumes that the homeowner will put down a 20% down payment.

The Least and Most Affordable American Cities to Own a Home

At the top of the list, and at the very west of the country, San Jose is the least affordable city to own a home for the average American.

One would have to earn at least $374,000 a year to afford a $1.6 million dollar home in the city.

To put those numbers into perspective, the median American annual income is $75,000, about one-fifth what’s required to buy a home in San Jose.

Other Californian cities, San Francisco (ranked 2nd), San Diego (3rd), and Los Angeles (4th) all require an annual income of at least $180,000 to attempt home ownership within their metropolitan boundaries.

Boston (ranked 6th) and New York (ranked 7th) represent unaffordability on the East Coast, both requiring at least $160,000 a year to buy homes there.

It’s not just the coasts that are expensive however. To buy a home in Denver (ranked 8th) and Salt Lake City (15th) means earning more than $120,000 a year.

However, cities in the Midwest and South, like Pittsburgh, Detroit, Oklahoma City, and Louisville, are far more affordable, requiring less than $63,000 a year to buy a home.

Interest Rates Rock Home Ownership Chances

Aside from the obvious price differences in housing markets, a key factor that has elevated income requirements across the board is the rapid rise in interest rates in the last year. In fact the average 30-year mortgage has pushed past 7%, the highest it’s been since the 2000s.

This means that while the median price of a house in San Jose has actually come down between 2022 and 2023, the minimum monthly payment has increased from $7,717 to $8,720 this year.

So to afford a median-priced home in the country, an American needs to earn closer to $100,000 a year, up from $75,500 in 2022. And even then, they would be priced out of owning a home in nearly half of the 50 largest cities in the country.

As a result Americans may yet further delay home ownership. Renting is now a far more attractive option, thanks to the biggest difference between rent and mortgages in over 50 years.

Where Does This Data Come From?

Source: Home Sweet Home (HSH).

Note: HSH used different sources for their median home prices, mortgage rate, property taxes and home insurance figures for their analysis. Please visit their website for more information.

Other: If other personal debts exceed 8% of one’s given monthly gross income, this may increase the salary needed to qualify for a mortgage.

The full story is available: What You Need to Earn to Own a Home in 50 American Cities (visualcapitalist.com)

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SEXENNIAL REAPPRAISAL AND TRIENNIAL UPDATES FOR OHIO’S 88 COUNTIES | 2023-2028

SEXENNIAL REAPPRAISAL AND TRIENNIAL UPDATES FOR OHIO’S 88 COUNTIES
2023-2028

The latest sexennial reappraisal and triennial real estate tax update periods have been released for Ohio’s 88 counties from years 2023 through 2028.

2023 Reappraisal Counties

Auglaize
Clinton
Darke
Defiance
Delaware
Franklin
Gallia
Geauga
Hamilton
Hardin
Harrison
Henry
Jackson
Licking
Mahoning
Mercer
Morrow
Perry
Pickaway
Pike
Preble
Putnam
Richland
Seneca
Shelby
Trumbull
Vanwert
Wood

2024 Reappraisal Counties

Belmont
Brown
Crawford
Cuyahoga
Erie
Fayette
Highland
Huron
Jefferson
Lake
Lorain
Lucas
Morgan
Muskingum
Ottawa
Portage
Stark
Warren
Williams

2025 Reappraisal Counties

Carroll
Champaign
Clark
Fairfield
Logan
Marion
Medina
Miami
Ross
Union
Wyandot

2026 Reappraisal Counties

Ashland
Ashtabula
Athens
Butler
Clermont
Fulton
Greene
Knox
Madison
Montgomery
Noble
Summit
Wayne

2027 Reappraisal Counties

Allen
Coshocton
Guernsey
Sandusky
Vinton

2028 Reappraisal Counties

Adams
Columbiana
Hancock
Hocking
Holmes
Lawrence
Meigs
Monroe
Paulding
Scioto
Tuscarawas
Washington

2023 Update Counties

Ashland
Ashtabula
Athens
Butler
Clermont
Fulton
Greene
Knox
Madison
Montgomery
Noble
Summit
Wayne

2024 Update Counties

Allen
Coshocton
Guernsey
Sandusky
Vinton

2025 Update Counties

Adams
Columbiana
Hancock
Hocking
Holmes
Lawrence
Meigs
Monroe
Paulding
Scioto
Tuscarawas
Washington

2026 Update Counties

Auglaize
Clinton
Darke
Defiance
Delaware
Franklin
Gallia
Geauga
Hamilton
Hardin
Harrison
Henry
Jackson
Licking
Mahoning
Mercer
Morrow
Perry
Pickaway
Pike
Preble
Putnam
Richland
Seneca
Shelby
Trumbull
Vanwert
Wood

2027 Update Counties

Belmont
Brown
Crawford
Cuyahoga
Erie
Fayette
Highland
Huron
Jefferson
Lake
Lorain
Lucas
Morgan
Muskingum
Ottawa
Portage
Stark
Warren
Williams

2028 Update Counties

Carroll
Champaign
Clark
Fairfield
Logan
Marjon
Medina
Miami
Ross
Union
Wyandot

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