An Ohio County Auditor discovers that a property owner fraudulently underreported improvements to avoid higher property taxes. Under Ohio law, what action may the Auditor take?
Correct Answer
C) The Auditor may retroactively assess the omitted improvements and impose back taxes for the omitted years
Under ORC §5713.01 and related provisions, the County Auditor may retroactively assess omitted or underreported improvements and add them to the tax duplicate. Back taxes may be imposed for the period the improvements were omitted, typically up to the applicable statutory period.
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Angela, an Ohio real estate agent, is explaining property taxes to her buyer client. The client asks who is responsible for establishing CAUV values on agricultural land in Ohio. Angela correctly responds that CAUV values are established by: