Posted In: Business Transactions & Corporate Counseling, Litigation, Real Estate and Tax - Business & Corporate
New Property Tax Dispute Bill Favors Developers and Owners, Limits School Districts
on May 17, 2022
On April 21, 2022, Ohio Governor Mike DeWine signed House Bill 126 (HB126), a major effect of which is to limit the ability of Ohio school districts to dispute and appeal the valuation of real property for tax purposes. The enactment of HB126 represents a victory for commercial property developers and owners, who, together with the Ohio Chamber of Commerce, championed its passage. The new law will take effect on July 21, 2022....
