Changes To Ohio Real Property Tax Valuation Challenges

Ohio passed H.B. 126, effective on July 21, 2022. This new law changes the procedures for school boards to file appeals and counterclaims to challenge property tax valuations. Many of the changes set forth below will be seen in tax year 2022, for upcoming matters in calendar year 2023.

School Board Complaint Initiation Limitations

School boards can only initiate their own complaints as to commercial properties in a limited capacity. They can no longer initiate complaints to residential and agricultural properties.

In their limited capacity to initiate complaints against commercial properties, school boards can only file property tax complaints when: (1) the property was sold in a recent arm's length transaction in the year before the tax lien date that the complaint is filed, and (2) the sale price is at least 10 percent and $500,000 more than the auditor's value. This $500,000 threshold will increase with inflation.