The complexes of pyridine-2-aldehyde-2-quinolylhydrazone Co(III) nitrate [Co(paqh)2](NO3)2, methyl-2-pyridylketone-2-quinolinhyrazone Co(III) nitrate [Co(mpkqh)2](NO3)2, and phenyl-2-pyridylketon-2-quinolinhyrazone Co(III) nitrate [Co(ppkqh)2](NO3)2 were prepared and characterized. Solubilities of Co(III)–hydrazone complexes were measured. Transfer chemical potentials were calculated from the measured solubilities of the Co(III) complexes in aqueous methanol mixtures at 25 °C. The reactivity trends in the transfer chemical potentials are discussed in terms of the nature of the bonded ligands. Kinetics of the base hydrolysis of Co(III)–hydrazone complexes in the aqueous methanol mixtures have been studied at 25 °C, and follow the rate law kobs = k2[OH−]. The solvent effects on the reactivity trends of Co(III) complexes are analyzed into initial state (is) and transition states (ts) components. The reaction rates are reduced by the increase of methanol content. The destabilization of the transition state is remarkable compared to the initial state in the aqueous methanol mixtures. The initial state is more hydrophobic in nature than the transition state for Co(III) complex reactions.