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West Side Real Estate News & Notes

11/29/2012 - West Side Leader
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By Staff Writer

Concordia at Sumner hosting grand opening

COPLEY — Concordia at Sumner will host a grand opening Dec. 9 from 1 to 4 p.m.

Concordia Lutheran Ministries recently acquired Sumner on Ridgewood, built in 2003.

The event is open to the community and will feature tours and refreshments. The campus, now called Concordia at Sumner, is situated on 64 acres of land at 970 Sumner Parkway. It consists of 22 villas, 79 one- and two-bedroom independent living apartments, 40 assisted living beds and 48 skilled nursing beds.

Low introductory pricing and special financing, as well as multiple options, will be available for those immediately interested in Concordia at Sumner, according to officials.

For more information on the grand opening, call Shirley Freyer at 888-352-1571, ext. 8266.

To schedule a separate visit to Concordia at Sumner, call Rowena Wilkins at 330-664-1289 or visit www.concordialm.org.

 

Medina County files 2013 property values with state

MEDINA COUNTY — Medina County Auditor Michael Kovack has filed property values for the coming year with the Ohio Department of Taxation.

More than $63 million of residential new construction will be added to the tax rolls next year, while commercial and industrial valuations will actually decline, according to Kovack.

Townships led the way for residential new construction, with Montville Township picking up nearly $7 million. Brunswick Hills was the second leading gainer with more than $6.5 million. Sharon and Hinckley townships rounded out the top four.

Wadsworth City had the largest amount of residential new construction value, with more than $6 million worth. Brunswick City had nearly $5.8 million. A large portion of that will be abated due to recent legislative changes in Brunswick. Medina City picked up less than $500,000 in new construction value this coming year.

Nearly $43 million in commercial and industrial new construction will be added to county tax rolls in 2013, but that will be offset by reductions given by the Medina County Board of Revision this year. The board reduced commercial/industrial valuations by more than $53 million. According to Kovack, there was pent-up downward demand in that sector, as the state did not approve any reductions for commercial/industrial during the last reappraisal due to limited sales.

Finally, the recession has slowed the pace of agricultural land loss in the county, according to Kovack. Only 1,437 acres of agricultural land were lost between Jan. 1, 2011, and Jan. 1, 2012.

The submission of values is the first step toward creating tax bills for calendar year 2013. Tax rates for the county for 2013 will be available once the state approves the county auditor’s values.

Stephanie Kist contributed to these reports.

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