September 2, 2014

Medina
Intermittent clouds
69°F

Storm damage may qualify homeowners for tax break

MEDINA — Medina County Auditor Mike Kovack said homeowners with storm damage can qualify for a tax deduction.

High winds, lightning and heavy rain caused damage across the northern portion of the county Tuesday, including fallen trees that closed Lester Road, between West Law and Center roads, in Liverpool Township, and damaged the roof of a home on state Route 252, south of state Route 303.

A posting on the auditor’s Facebook page Wednesday alerted residents that they can submit a “Destroyed or Damaged Property” form that may qualify them for a deduction on property taxes.

“Anytime a homeowner or property owner has destruction or damage to their real property, they can write that off,” Kovack said.

“One thing we like to point out is that a tree coming down in the yard does not qualify for a deduction because we don’t assess any value to the tree or the yard,” he said. “It has to be damage to the real property.”

Kovack said the value of the damage will be deducted from the value of the property and the property owner’s taxes will be deducted based on the reduced value.

Property owners can visit the auditor’s website, www.medinacountyauditor.

org, click on the “Calculators” tab, select “tax calculator” and then select their residential tax district. They then can input the amount of the damage to see the approximate value of the deduction.

According to that calculator, $5,000 in damage to a home in the city of Medina that had been valued at $100,000 would reduce the value to $95,000 and decrease the full-year tax bill from $1,825 to $1,733.75 — a savings of $91.25.

Kovack said his office will calculate the actual tax deduction but the website calculator will provide a close estimate.

He said documentation — such as a copy of an insurance claim — must be attached to the form when it is filed with his office.

The form can be downloaded from the auditor’s website or property owners can call the office at (330) 725-9754.

Contact reporter Dan Pompili at (330) 721-4012 or dpompili@medina-gazette.com.