Classifies certain storage condominiums as residential property for tax purposes in Ohio.
Ohio HB17 amends section 5713.041 of the Revised Code to classify certain storage condominiums as residential property for tax purposes. This bill defines "storage condominium" as real property where all owners are individuals, each owner has an individual interest in one or more storage units, and owners may share undivided interests in common areas. The county auditor classifies each parcel of real property according to its principal use, with storage condominiums now classified as residential/agricultural real property.
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