HB 187 - Amends the Process for Home Value Calculations - Ohio Key Vote

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Title: Amends the Process for Home Value Calculations

Vote Smart's Synopsis:

Vote to pass a bill that amends the process for how home values are calculated to require county auditors to use 3 years' worth of home sale data to determine home values in 2023, 2024 and 2025, instead of only the most recent year.

Highlights:

  • Amends the process for how current home values are calculated to require county auditors use 3 years worth of home sale data to determine future home values in 2023, 2024, and 2025 instead of just the most recent year (Sec. 1).

  • Amends the calculation process for farmland to be valued based on only the current agricultural use (Sec. 1).

  • Specifies that the provisions of this bill shall take effect upon passage and approval by the governor (Sec. 5).

Title: Amends the Process for Home Value Calculations

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