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I really need to modify this more often, it seems to be mostly an annual update for the last few years!
Nov 2016 - A lot of change in the past year. Two series that were in my Top 12 a year ago have ended their runs: Rachel Rising (what a great series, I highly recommend getting the collected editions), Rebels (seemed too short, but ended after a 10 issue run, I suspect most comic readers don't enjoy historical fiction as much as I do). Shutter is dropping off, only 6 issues came out in the last year and the story is not grabbing me as much as it did in the early days. Black Magick had a strong start, but hasn't had an issue out since Feb 2016. Greg Rucka & Nicola Scott are likely too busy on DC's rebooted Wonder Woman series, but that has moved onto the Top 12 taking Black Magick's spot. Elephantmen has only had 5 issues published in the last year, and 3 of them didn't really grab me, so that has been edged out of the Top 12 for now. Ed Brubaker's Velvet seems to have gone dormant, nothing in the past 6 months, and Brubaker is working on other stuff right now, so that one has dropped off. Ms. Marvel, that used to tell quite charming stories focusing on Kamala Khan, has gotten too involved in crossovers and other characters from the MarvelU, so that has dropped off the list. So that is 7 books off the list, with 5 holding onto the Top throughout 2016: Walking Dead (holding at #1, Kirkman continues to entertain and surprise me), Saga, Lazarus, Astro City, and Clean Room. Moving onto the list: Giant Days (I really love this comedic comic chronicling the lives and loves of British college kids), Amazing Spider-Man (back on top after an absence of several years, I'm loving Dan Slott's "Peter Parker as International CEO" storyline while it lasts, and I'm really loving the current Clone Conspiracy story), Harrow County (a wonderfully creepy story that I jumped onto late and immediately collected every back issue), Southern Bastards (a multiple award winning comic, for good reason), Scarlet Witch (James Robinson knocked it out of the park with the mostly "done in one" stories over the title's 1st year), Unbeatable Squirrel Girl (this one is just fun, I love the little asides Ryan North puts at the bottom of every page), and Wonder Woman (this is my favorite of the DC Rebirth titles, Greg Rucka is doing a great job writing and switching context between parallel stories so each story can have a consistent art team on the bi-weekly schedule of the book).
Nov 2015 - Alex+Ada ended (and it was a great wrap-up) so that dropped off the list. Afterlife with Archie is published to infrequently to hold onto its spot on the Top 12, so it will move down to the honorable mention list. Gotham Academy dropped out of favor for me with the inclusion of Damian Wayne, I liked it as a bit more separate from the rest of the DCU. Coffin Hill was either cancelled or went on hiatus, no new issues being solicited. Rebels has an extremely strong debut and has been holding the quality for 7 issues. Black Magick and Clean Room both wowed me with their debut issues. Elephantmen moved back into my Top 12.
Dec 2014 - Alex+Ada continues to wow me and has moved up to the #1 spot, displacing Saga's long-standing grip on the top spot. Infrequent publication has pushed Elephantmen and Rai off my Top 12. I still love both series, but other stories I follow have taken over the higher spots. The ever excellent Afterlife with Archie has jumped onto the Top 12, as well as the excellent Gotham Academy that really impressed me with the first few issues. X-O Manowar, a favorite for a long time has dropped off due to being pulled into far too many crossover events which, in my opinion, prevented the title from shining on its own. This opened up some space for Ed Brubaker's excellent spy thriller Velvet to jump onto the Top 12.
Nov 2014 - A couple of titles have broken into the Top 12 to replace books that have slipped out, mostly due to the series ending (Harbinger, Hawkeye, Sergio Aragonés Funnies, Eternal Warrior) or an inconsistent publication schedule (Great Pacific). Lazarus has just gotten better & better and has jumped from #8 to #4. X-O Manowar jumped from #11 to #7 based on it's strength as the linch-pin title for the Valiant Universe. Alex+Ada has been superb and debuts at #3, knocking Rachel Rising down to slot #5 (Rachel is still a thoroughly enjoyable title even though it dropped a couple of slots). All the series that ended opened up space for Shutter, Ms. Marvel, Rai, Coffin Hill, and Astro City to join the Top 12. One thing I've noticed is that I seem to like a lot of series with female leads (Lazarus, Rachel Rising, Shutter, Ms. Marvel, and Coffin Hill)
Dec 2013 - Top books have to really click for me on the writing AND the art. Harbinger moves down 3 slots to Rank #4 due to inconsistent art, though I love the story. Replacing Harbinger at #1 is Saga, moving up 4 slots, a stupendous combination of Brian K Vaughn's writing & Fiona Staples' art. Walking Dead and Rachel Rising swapped places (Walking Dead moving up to Rank #2 and Rachel dropping to Rank #3). Archer & Armstrong, previously on the list at Rank #4 dropped off entirely due to a combination of inconsistent art and a couple of story arcs that didn't click with me as strongly as the 1st arc out of the gate. On the strength of a fabulous arc starting at #51 coming in right after another solid arc, Elephantmen rose 2 to Rank #5. Hawkeye held firm at Rank #6 and Sergio Aragonés Funnies rose 3 to Rank #7. Lazarus, a brilliant newcomer debuted at Rank #8, displacing New Avengers that dropped off the list entirely due to it's lengthy participation in the muddled Infinity crossover. Eternal Warrior and Mind MGMT debuted on the Top 12 at Ranks #9 and #10. Rounding out the Top 12, X-O Manowar dropped 2 slots to Rank #11 due to an art change that was not my favorite and Great Pacific held onto Rank #12. The Massive lost some momentum with me and slipped off the list from it's previous position at Rank #11.
Sept 2013 - World's Finest drops out of the Top 12, replaced by Great Pacific. No more DC in the top 12... Rachel Rising & Saga both raised up a few notches, Rachel is now at #2. Joshua Dysart, Terry Moore is knocking at your door!
Aug 2013 - Deathmatch & Thor drop out of the Top 12, replaced by Sergio Aragonés Funnies & The Massive.
Apr 2013 - Converted the top 10 to the top 12.
Thor & World's Finest drop out of the top 10 (but is still in the top 12), art team shuffling around on both titles have caused them to suffer, IMO. Hawkeye & New Avengers both jumped into the Top 10, both have been impressing me on story & art.
Jan 2013 - Daredevil drops out of the top 10 (but is still in my top 20). I'm not loving the current dynamic between Matt & Foggy. Replaced in Top 10 with the outstanding debut of Deathmatch from Boom! Studios.
Dec 2012 - Amazing Spider-Man drops off the list when Peter Parker is "Killed" (temporarily, I'm sure) in ASM #700, replaced in Top 10 with Thor: God of Thunder (Editorial note: They did eventually bring Peter Parker back after a couple of years in pretty much the exact way I thought they would...)
These are my top 12 favorite ongoing series.
There are lots of great limited series that come and go but I'm trying to focus here on books that I can count on to entertain me month-in and month-out. It takes a special creative team to keep up a solid book for a "long haul" (something in comics nowadays that is longer than 6 months). I generally don't consider a series for the Top 12 until it's at least 3-4 issues into a run. I don't want to imply that it's easy to do a single GREAT issue, but it's much harder to keep it up over the course of several months.
There are other comics I really enjoy, but that come out too infrequently, have recently ended, or (as mentioned above) are too new. You can see all the comics I'm currently reading on my Pull List page.
As with anything: Your Mileage May Vary
These are my favorites and everyone is going to like different things...