The bill amends various sections of the Revised Code concerning property taxes, introducing new provisions to enhance the tax payment process. It allows for an extension of property tax payment deadlines if the tax bill is mailed or delivered less than thirty days before the due date. A new section, 323.123, is established, enabling owners of real property or manufactured homes without delinquent taxes to apply for an extension to pay in four or twelve equal installments, contingent upon certification by the treasurer. Additionally, the bill ensures that taxes under this extension do not count as delinquent unless the agreement is voided due to non-payment, and mandates that county treasurers provide information about these extensions on tax bills and their websites.

Further amendments focus on the assessment and taxation of manufactured and mobile homes, including the calculation of assessable value based on market value or cost, with specific percentages for homes acquired after January 1, 2000. The notice period for tax bills is increased from twenty to thirty days, and the bill outlines penalties for late payments and the handling of delinquent taxes. It also allows county treasurers to enforce collection through civil action for unpaid taxes after sixty days. The bill establishes appraisal procedures for manufactured homes, requiring appraisals at true value every six years, and clarifies definitions related to manufactured home taxes. Additionally, it modifies tax exemptions for pre-residential development properties, extending the exemption period from seven to nine years and clarifying conditions for cessation of exemptions.

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