The bill amends sections 5721.32, 5721.33, and 5721.42 of the Revised Code to implement a sunset provision for the sale of delinquent property tax certificates, which will end on January 1, 2027. It mandates that all sales or transfers of tax certificates must be finalized by December 31, 2026, with any transactions occurring after this date deemed void. The county treasurer is authorized to conduct public auctions for these certificates until the deadline and may sell them in blocks, with a defined certificate period of three to six years. The bill also allows the treasurer to negotiate terms with potential buyers, including the possibility of premiums or discounts, while emphasizing that no payments or transfers will be accepted post-deadline.

Additionally, the bill clarifies the liability of tax certificate holders concerning environmental and health regulation violations by deleting the reference to section 3737.891 and replacing it with section 3737.89, ensuring that holders are not liable for damages caused by previous owners. It also outlines notification procedures for parcel owners when their tax certificates are sold and introduces a provision that prohibits the sale of tax certificates after January 1, 2027. The bill aims to streamline the tax certificate process and clarify the rights and responsibilities of both the county treasurer and certificate holders.

Statutes affected:
As Introduced: 5721.32, 5721.33, 5721.42