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New Reporting Requirements for Ohio Properties That Are No Longer Tax-Exempt New Reporting Requirements for Ohio Properties That Are No Longer Tax-Exempt

New Reporting Requirements for Ohio Properties That Are No Longer Tax-Exempt

Ohio now requires tax-exempt property owners to provide notice to their county auditor when a property no longer qualifies for tax-exempt status. This change requires owners to report changes before the end of this calendar year.
 

When Must Property Owners Self Report? 


Property owners must provide notice on or before December 31 of the same year that the property ceases to qualify for tax-exempt status. To report a status change, property owners must fill out a DTE 23N form.
 

What Happens If I Do Not Self Report?


If the county auditor discovers a property owner failed to provide notice, the auditor can impose a monetary penalty and will return the property to the tax list. 

The penalty applies only to the years the property was held by the current property owner. It equals the total amount by which taxes were reduced for any of the five preceding years that the property was not entitled to tax exemption. 
 

What Are the Appeal Rights?


To appeal a penalty imposed by the county auditor, property owners must file an application for real property exemption within 60 days after notice of a tax exemption revocation determination. 

If you have questions concerning this new change, or its potential applicability to you or your business, please reach out to Kristina Dahmann, Joseph Guenther, or Joanne Goldhand for more information. 

This publication is intended for general information purposes only and does not and is not intended to constitute legal advice. The reader should consult with legal counsel to determine how laws or decisions discussed herein apply to the reader’s specific circumstances.
 
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