An investor in Mahoning County, Ohio purchases a commercial property with delinquent taxes totaling $45,000. At closing, the title company reports that the delinquent taxes were not paid. Which statement BEST describes the investor's legal position?
Correct Answer
D) The property tax lien survives the transfer and the investor is now responsible for paying the delinquent taxes
In Ohio, property tax liens attach to the property, not the owner. Under ORC §5721.10, delinquent tax liens survive transfers of ownership. The new owner acquires the property subject to any existing tax liens, making them responsible for the delinquent taxes.
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