Check your mail for your new home valuation! We know property values have fallen since the last county wide appraisals were done in 2005 but just how much? Youâ€™ll know soon. The Franklin County auditorâ€™s office is mailing the new valuations today! Itâ€™s unprecedented and will be interesting to see what they look like. While the auditor reports that Franklin County property values are down 6.7% from 2005, I expect to see a deeper decline in the New Albany valuations. What if you donâ€™t agree with the new valuation?