In Ohio, all of the following are accurate statements about property tax lien certificates EXCEPT:
Correct Answer
B) Tax lien certificates in Ohio are sold to private investors at public auction
Ohio does not use a tax lien certificate sale system like some other states (e.g., Florida or Arizona). Instead, Ohio counties typically pursue tax foreclosure through the courts when taxes remain delinquent. The county may sell the property itself at a sheriff's sale or through an expedited foreclosure process, but does not sell tax lien certificates to private investors.
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More Oh Property Tax Assessment Questions
David builds a new addition to his home in Medina County, Ohio. The addition increases his home's market value by $60,000. When will this new construction be reflected in his property tax assessment?
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In Ohio, property taxes fund various local services. Which of the following receives the LARGEST share of property tax revenue in most Ohio communities?
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Previous Question
A farmer in Licking County, Ohio has 200 acres of cropland. Under CAUV, the agricultural value is $1,200 per acre, while the market value is $8,000 per acre. Both are assessed at 35%. If the millage rate is 70 mills, how much does the farmer save annually on the 200 acres by using CAUV instead of market value?
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Sarah is purchasing a home in Ohio and asks her agent about property taxes. In Ohio, property taxes are paid: