The bill amends sections 323.131 and 4503.06 of the Revised Code and enacts section 5705.171, primarily focusing on enhancing transparency in property taxation. It mandates that tax bills express tax rates as a percentage of true value, requiring the effective tax rate to be displayed in both mills and as a percentage, with the term "effective tax rate" highlighted in bold. Additionally, tax bills for residential rental properties must inform owners of their obligation to file necessary information with the county auditor. The bill also introduces similar requirements for tax bills related to manufactured or mobile homes, ensuring that these properties are taxed based on their location and connection to utilities.

Moreover, the bill outlines specific provisions for the taxation of manufactured and mobile homes, including the criteria for classifying travel trailers as manufactured homes if they remain in one location for over thirty days and are connected to utilities. It establishes a payment schedule for taxes, penalties for late payments, and a process for managing delinquent taxes, including the creation of a delinquent manufactured home tax list by the county auditor. Starting January 1, 2026, any election notice or ballot language regarding real property tax millage must also express the proposed tax as a percentage of true value, with the secretary of state responsible for prescribing the necessary forms. The repeal of existing sections 323.131 and 4503.06 signifies a substantial update to the legal framework governing manufactured home taxation.

Statutes affected:
As Introduced: 323.131, 4503.06