The bill amends various sections of the Revised Code concerning property taxes, particularly focusing on the payment processes and assessment of manufactured and mobile homes. It introduces a new section, 323.123, allowing owners of real property or manufactured homes without delinquent taxes to apply for an extension on their tax payments, which can be made in four or twelve equal installments based on a contract with the county treasurer. Additionally, the bill modifies the timeline for tax bill delivery, changing the required notice period from twenty to thirty days before the payment due date, and establishes penalties for late payments. It also mandates that county treasurers provide information about the new tax payment extension on tax bills and their websites.

Moreover, the bill revises the assessment process for manufactured and mobile homes by determining the assessable value based on a decreasing percentage of the cost or market value over the years of ownership. It introduces a minimum tax of thirty-six dollars unless a reduction in assessable value applies. The bill also allows county treasurers to enforce collection of delinquent taxes through civil action and outlines the distribution of collected taxes. Furthermore, it extends the exemption period for qualifying owners of pre-residential development properties from seven to nine years and clarifies the responsibilities of the county auditor in notifying property owners of assessment changes. Overall, these amendments aim to enhance flexibility, clarity, and efficiency in property tax management.

Statutes affected:
As Introduced: 323.12, 323.13, 325.31, 4503.06, 5709.56, 5713.01