Another $3,454,677 is set to come off Warren County’s newly reassessed tax rolls as that latest round of assessment appeal agreements makes its way through local governments.

The Warren County Commissioners was to discussed the proposed agreements during its July 15 meeting and the Warren City Council signed off on a new round of assessment appeals totaling nearly $3.5 million in assessment reductions. In total, once the second round of assessment agreements is finalized, a total of $5,545,288 will have been removed from the recently completed countywide property reassessment following $2,092,011 that was approved in June.

While some cases are being heard in court, the settlement process included an exchange of appraisals and then negotiations to find a fair value. The latest round of negotiations included Eight parcels involving Northwest Bank in the city of Warren. Three parcels with a total assessment of $38,781 were left unchanged. But parcels with higher assessments saw changes. One parcel had been reassessed for $1,368,800 and saw its assessment decreased by $586,940 to $781,860. Another parcel reassessed for $4,760,140 saw its assessment decreased by more than $1.8 million to $2,938,600. A third parcel had been assessed for $2,279,580 and saw a decrease of $278,360 to $2,001,220. All told, the Northwest Bank parcels saw a $2,699,488 decrease from their reassessed value to the settlement value working its way through the commissioners, council and Warren County School District.

Property at 1945 Market St. owned by 1945 Market ST. LLC – the former Valu Home Center location – saw its assessment decreased as well. One parcel was reassessed at $377,720 is agreeing to a new assessment of $317,040 – a decrease of $60,680. A second parcel with a new assessment of $1,585,341 is agreeing to a new assessment of $1.1 million – a decrease of $485,341.

The rest of the proposed assessment agreements were for smaller amounts involving homes in the county.

The City Council unanimously approved settlement agreements in 10 property tax assessment appeals involving several commercial and private property owners. During discussion, mayor David Wortman, who was present via video call, emphasized that the city has limited authority in the process once the county and school district agree to the revised assessments. City Solicitor Andrea Stapleford, who also appeared by video call, agreed, stating challenging the settlements independently would likely be costly and unsuccessful.

County officials have said previously that 2,480 property assessment appeals were heard at the local level following last year’s reassessment. Of those, 2,191 resulted in reductions to property values. A total of 61 cases were then filed with the Court of Common Pleas.