Vote Smart's Synopsis:

Vote to pass a bill that requires payment of property taxes and assessments when a lot is split in Ohio.

Highlights:

• Requires that whenever a lot or tract of real estate is transferred, in whole or in part, or a lot or tract of real estate is subdivided, the grantor or property owner, respectively, shall apply to the county auditor for an estimate of the taxes that are a lien on the entire lot or tract that have not been determined, assessed, and levied for the year in which the property is transferred or subdivided
  (Sec. 1). 

• Requires that upon transfer of a lot or tract of real estate, in whole or in part, or the subdivision of a lot or tract of real estate, the grantor or owner, respectively, shall pay, and the treasurer shall accept, the estimated taxes calculated (Sec. 1).

• Specifies that this act does not apply to any transfer of a lot or tract in which the state or a political subdivision is the grantee or grantor or to any subdivision of a lot or tract in which the state or a political subdivision is the owner (Sec. 1). 

• Specifies that The officer charged with transferring the title to property sold under this section may not transfer the title unless and until the purchaser furnishes the officer with an affidavit and, if applicable (Sec. 1).

• Specifies that if the purchaser is not a pass-through entity,or a pass-through entity in which the purchaser directly or indirectly owns or holds at least a ten percent interest, owns property and has been informed by each treasurer that the purchaser or pass-through entity does not own property in the county against which delinquent taxes are assessed and that, to the best of the affiant's knowledge, neither the purchaser nor a pass-through entity in which the purchaser directly or indirectly owns or holds at least a ten percent interest owns property in the state against which delinquent taxes are assessed then the title shall not be transferred (Sec. 1). 

• Define terms related to pass-through entities (Sec. 1). 

• Specifies that any person who knowingly makes a false statement under this act is guilty of falsification (Sec. 1). 

• Specifies that A county auditor may not transfer title to a tract of land sold under this section to a purchaser unless and until the purchaser furnishes the auditor with an affidavit and, if applicable, supporting documentation (Sec. 1).

Full Bill Text