Ohio HB124 modifies the process for property tax sales-assessment ratio studies.

Ohio HB124 amends the process for property tax sales-assessment ratio studies by allowing the commissioner auditor to conduct appraisals if there are not enough arm's length sales. The bill modifies the process for making these studies and allows the use of appraisals in certain situations. The changes apply to tax year 2025 and every tax year thereafter.

Ohio HB124 modifies the process for property tax sales-assessment ratio studies.

Ohio HB124 amends the process for property tax sales-assessment ratio studies by allowing the commissioner auditor to conduct appraisals if there are not enough arm's length sales. The bill modifies the process for making these studies and allows the use of appraisals in certain situations. The changes apply to tax year 2025 and every tax year thereafter.