A LESSON IN CINCINNATI PROPERTY TAXES
One of the things I like most about being an Architect and Real Estate Developer is that I am always learning something new. Unfortunately, it often involves learning things the hard way. Case and point, learning what the Real Estate Tax Bill Term: 'Current (Special) Assessment' meant as a result of an unexpected $3,000+ line item for this on my most recent property tax bill.
A 'Current (Special) Assessment' as it turns out, represents a special charge paying for certain services and/or improvements such as sewers, lighting, or urban forestry. In my case, this charge primarily went to paying off the past demolition of the house previously occupying the property. The Hamilton County Auditor's site provides further details on the specifics of the charges and payment schedule for special assessments, an example of which is illustrated below.
