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HB 124 - Amends the Process of how Valuing Property in Ohio is Completed During Revaluation Cycles - Ohio Key Vote

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Title: Amends the Process of how Valuing Property in Ohio is Completed During Revaluation Cycles

Vote Smart's Synopsis:

Vote to pass a bill that amends and reforms how the process of valuing property in Ohio is completed during revaluation cycles in Ohio.

Highlights:

  • Requires the tax commissioner to make sales-assessment ratio studies of real property based solely on a representative sampling of sales provided by the county auditor (Sec. 1).

  • Authorizes the commissioner to appeal an auditor’s determination of which sales are included in the representative sampling of sales used in the sales-assessment ratio studies (Sec. 1).

  • Requires the auditor, upon an appeal by the commissioner, to file any evidence considered in determining the contents of the representative sampling of sales, and requires the Board of Tax Appeals to render its decision on any appeal by the last tax day of the year it was filed (Sec. 1).

  • Specifies that the commissioner must use the representative sampling of sales provided by a county auditor without adjustment until a decision is reached on an appeal, after which adjustments may be made (Sec. 1).

  • Specifies that the amendments of this Act apply to tax year 2026 and every tax year thereafter (Sec. 3).

Full Bill Text

See How Your Politicians Voted

Title: Amends the Process of how Valuing Property in Ohio is Completed During Revaluation Cycles

Vote Smart's Synopsis:

Vote to pass a bill that amends and reforms how the process of valuing property in Ohio is completed during revaluation cycles in Ohio.

Highlights:

  • Requires the tax commissioner to make sales-assessment ratio studies of real property based solely on a representative sampling of sales provided by the county auditor (Sec. 1).

  • Authorizes the commissioner to appeal an auditor’s determination of which sales are included in the representative sampling of sales used in the sales-assessment ratio studies (Sec. 1).

  • Requires the auditor, upon an appeal by the commissioner, to file any evidence considered in determining the contents of the representative sampling of sales, and requires the Board of Tax Appeals to render its decision on any appeal by the last tax day of the year it was filed (Sec. 1).

  • Specifies that the commissioner must use the representative sampling of sales provided by a county auditor without adjustment until a decision is reached on an appeal, after which adjustments may be made (Sec. 1).

  • Specifies that the amendments of this Act apply to tax year 2026 and every tax year thereafter (Sec. 3).

Full Bill Text

Title: Amends the Process of how Valuing Property in Ohio is Completed During Revaluation Cycles

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