New State Law Allows Property Owners to Dispute Valuations Due to COVID-19

OMA Connections Partner Vorys reports that under Ohio’s recently passed and signed Senate Bill 57, a “significant real property tax savings opportunity” is available for Ohio real property taxpayers who believe the value of their property has depreciated due to the pandemic. To qualify, an owner must file the special complaint on or before Aug. 25. The bill takes effect July 26 — the first day a complaint can be filed. 4/27/2021