Important News from the Ohio Statehouse
Last week the Ohio Senate passed Amended House Bill 126, a bill that if enacted, will protect Ohio’s residential and commercial property owners from the harmful practice of allowing third parties to challenge the value of a property they do not own. Ohio Realtors, along with many others, testified in support of the bill. Other groups included the Ohio Chamber of Commerce, The Ohio Apartment Association, the County Auditors Association of Ohio, the Ohio Manufactured Homes Association, the Council on State Taxation, the National Federation of Independent Businesses, the Ohio Real Estate Investors Association, and the Coalition for Fair Property Tax Valuations, of which Ohio Realtors is a member.
Read the latest update from Ohio Realtors Director of Government Affairs, Beth Wanless:
The Ohio Senate passed Amended House Bill 126, legislation that will enact critically needed reforms to Ohio’s outdated property valuation challenge system, on Dec. 15. Ohio REALTORS has long been a supporter of this legislation, but recent upticks in abusive practices, including filing challenges against homes that have just transferred ownership, have forced the Association to put this legislation as a key priority.
Ohio is one of very few states that allows a third party to initiate a property valuation complaint in an effort to generate more property tax revenue. The amended bill would allow only the owner of a property to initiate a valuation complaint aligning Ohio with the vast majority of other states. Third parties including school boards will then only be allowed to engage in a counter-complaint. In order to file a counter-complaint, the third party must adopt a resolution with a description of the evidence as to why they seek to file the counter-complaint. The third-party is prohibited from appealing the decision at the board of revision. We believe these changes are fair and long overdue. Third parties will still be able to participate in the process, but they will no longer be allowed to file challenges indiscriminately and without proof of increased property value.
The bill now goes back to the House where they must consider amendments made to the legislation in the Senate. We urge the House the concur with the changes so the bill can move swiftly forward to Gov. Mike DeWine for his consideration and signature. We are grateful to Senate President Matt Huffman, Ways and Means Chairman Louis Blessing, and the Senate for their support of this commonsense legislation.