Using pandemic to cut Ohio property taxes | Baker
Update: Special Assessment Complaints arguing a value for the 2020 tax year as of October 1, 2020 due to pandemic-related circumstances must be filed by August 25, 2021. Governor Mike DeWine signed SB 57 on April 27, 2021, so the bill date is July 26, 2021.
Ohio Senate Bill 57 Heads To The Governor’s Office And Would Allow County Review Boards To Examine COVID-19 Pandemic When Appraising Properties For Tax Year 2020 for taxpayers filing special complaints challenging 2020 taxes, which are payable in 2021. In the absence of this legislation, Ohio law assesses the property as of January 1, 2020, for the 2020 tax year, which would probably not reflect the circumstances of the pandemic.
Taxpayers must file a special complaint for the 2020 tax year to assess a property on October 1, 2020, if its value is reduced due to circumstances related to COVID-19. The special complaint must be filed within 30 days of the effective date of SB 57, likely this fall, and must state precisely how circumstances related to the pandemic resulted in a reduction in the value of the property.
The rule prohibiting the filing of multiple complaints during the same triennial evaluation period would be lifted for COVID-19-related complaints and for complaints for the 2021 or 2022 tax year that allege a write-down only in due to the circumstances of COVID-19.
The new law also allows tenants to file a complaint when the tenant is responsible for the tax. The governor’s signature is the last step necessary for SB 57 to become law.
The bill offers owners of hotels, retail spaces and other commercial properties the opportunity to reduce their tax bills to reflect the effects of the pandemic. The response time is short.