Medina Public Square Sees Widespread Land Value Reductions
In 1971 Medina County appraisals, open land and most square properties dropped in value. About 40 Medina public square parcels saw 34 reductions, 2 increases, and 4 unchanged, despite countywide appraisal gains over 20 percent. Only the Old Phoenix Bank on Washington Street remained unchanged.
MENTIONED IN THIS ARTICLE
Medina Public Square
Medina County
Phoenix Bank
Washington Street
Revco
Whitey’s and Lance
Medina Soda
Second in Series Sees Assessed Value Boosts for Lot and Corner
The second in the series of valuations lifted the price from 1.38 to 1.44 per square foot for a property, while the Gensemer lot on the southeast corner held its value despite reductions elsewhere. The appraisal carried an unusual aspect, though details remain unclear.
MENTIONED IN THIS ARTICLE
Gensemer
Medina property values swing widely in tax appraisal review
Public Square Tax Evaluations show major reductions for Gensemer First Federal Savings building from 13 800 to 6 100 and notable cuts for Palmquist and Campbell properties. Yet some residences rose nearly 50 percent, with S Prospect Street home up 44 percent amid extensive renovations and higher land values on low priced lots.
MENTIONED IN THIS ARTICLE
Gensemer
Federal Savings
Cole-Layer
Medina City
S. Prospect Street
Medina
Appraisal Methods Questioned In Local Land Assessments
The Gazette questions uniform 35 percent assessment rules in recent valuations. It notes market value should be about three times tax value and points to inconsistent adoptions of 1968 costs and 1971 land values. It acknowledges substandard lots needing appeals and cites past sales and staff involvement.
MENTIONED IN THIS ARTICLE
Cole-Layer
Also Mentioned on This Page
Public Square
Palmquist
Whitey’s and
Lance & Co
Savings Deposit Bank
Campbell Properties
Columbia Gas Company
Macy Hallock
Cole-Sayer
Hale Restaurant
Dayton
Old Phoenix Bank
Liberty
G. J. Watruous
W. L. Hartman
A. Horvath
S. High M. High
A. P. Shepherd
L. Longacre
Lena G. Chipps
Court Ziegler Store
W. Wash
Rapp Store
C. O. Davenport
D. Rogers
F. P. Holding Co
Liberty W. Anderson
Liberty B. Yudelevitz
Broadway
E. Wash. Trustees of
Wash
Court
Havco Corp
Skidmore & Hall
the Free Oil Co
Hallock
Cording
Gazette
al Thomas
Doris Kilbane
Ted Graham
Ohio
W. Liberty
Ziegler’s
West Washington
E. Liberty
East Wash
Columbia Gas
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