Bill > HB86

This bill provides comprehensive reforms to Ohio's tax foreclosure, land reutilization, and property tax processes, named after Gus Frangos. Here's a summary of its key provisions: This bill amends, enacts, and repeals numerous sections of Ohio law to streamline and improve the processes for handling tax-delinquent and abandoned properties. The legislation makes significant changes to how counties and local governments can acquire, manage, and dispose of nonproductive or abandoned lands. Key reforms include: 1. Expanding the powers of county land reutilization corporations to acquire, manage, and sell tax-delinquent properties more efficiently. 2. Modifying foreclosure procedures to make it easier for local governments and land reutilization corporations to take possession of abandoned or nonproductive properties. 3. Creating more flexible mechanisms for transferring tax-delinquent properties, including allowing direct transfers to electing subdivisions or land reutilization corporations without full public auctions in certain circumstances. 4. Establishing clearer processes for how proceeds from property sales will be distributed among taxing districts. 5. Providing liability protections for county land reutilization corporations when acquiring and managing properties. 6. Removing some previous restrictions on how properties can be acquired and sold, giving local governments more discretion in managing nonproductive lands. 7. Standardizing and simplifying various technical aspects of tax foreclosure and property transfer processes across different sections of Ohio law. The bill aims to make it easier for local governments to return tax-delinquent and abandoned properties to productive use, potentially increasing local tax bases and improving community development. The comprehensive nature of the legislation touches on multiple aspects of property taxation and local government land management. The act is named after Gus Frangos, presumably in recognition of his work in land reutilization efforts in Ohio, though the specific reason for naming it after him is not detailed in the bill text.

Justice, Transportation and Infrastructure

https://www.legislature.ohio.gov/legislation/136/hb86