Ohio SB366 requires payment of delinquent property taxes upon transfer of a lot.

Ohio SB366 mandates that when a lot is transferred, the grantor must pay any delinquent property taxes, penalties, interest, or special assessments. This applies unless the transfer is made by the state, in lieu of foreclosure, pursuant to a court order, or in connection with a transfer on death designation. The bill also outlines procedures for apportioning taxes between the grantor and grantee based on ownership duration.

Ohio SB366 requires payment of delinquent property taxes upon transfer of a lot.

Ohio SB366 mandates that when a lot is transferred, the grantor must pay any delinquent property taxes, penalties, interest, or special assessments. This applies unless the transfer is made by the state, in lieu of foreclosure, pursuant to a court order, or in connection with a transfer on death designation. The bill also outlines procedures for apportioning taxes between the grantor and grantee based on ownership duration.