Montgomery County property values decline again

Montgomery County Karl Keith announces latest property assessments. (WDTN Photo/Kris Sproles)
Montgomery County Karl Keith announces latest property assessments. (WDTN Photo/Kris Sproles)

DAYTON, Ohio (WDTN) – Property values in Montgomery County are declining.

Montgomery County Auditor Karl Keith released the newest property value assessments during a news conference Tuesday morning.

The newest assessment shows a 4 percent decline since the last update in 2011.

Keith say residential home values declined 4.9 percent, while commercial values declined 1.7 percent.

Bottom line? More than 70 percent of Montgomery County homeowners will see some decrease in their property’s value. The total loss in value is $1-billion.

The slide is a continuation of a lagging housing market. Values dropped 7 percent in 2011.

Keith says the values are at the lowest level in a decade.

He did share some positive news. There was a significant drop in foreclosures in 2013, almost half the number since 2008 figures. Major constructions projects are also on the rise in the county such as 223 new housing units built in Washington Township.

The Auditor’s Office will mail out home assessments to owners at the end of July. Homeowners will have a chance to request an informal review sometime in August.

 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s