Central Ohio Real Estate Market News

Yesterday the residents of Delaware County received a brochure from Todd Hanks, the county auditor. It included some nice graphics showing the source of county income and another graphic showing where the money is spent. The two largest sources of income were sales tax (50%) and property taxes (29%). The largest expenditure was for Public Safety at 30%.

There were other financial reports, but also some interesting stats for the county that we don’t often see all in one place.

• The 2007 jobless rate averaged 4% versus the state average of 5.6%. That’s good news.
• Per the U.S. Census Bureau, the county population increased by 244.5% from 1990 to 2008. In 1990 the population was 66,929. In 2008, it is estimated at 163,645. We’ve know for a few years that Delaware County was the fastest growing in the state.
• The assessed value of Real Property went from $1.8 billion in 1996 (payable in 1997) to $5.9 billion for 2007 (payable in 2008). That’s the value of the land plus the buildings on the land. I would have calculated the percent change, but my lowly home calculator doesn’t do BILLIONS!

If you need more info on Delaware County, here are some of the more common web sites for information:

• The county’s home page
• Delaware County property information and plats.
• Bureau of Motor Vehicles
• Municipal court

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