❌ HB493
Sunset the sale of delinquent property tax certificates
Current Status: In House Committee (Local Government)
Summary
Bill HB493 amends sections 5721.32, 5721.33, and 5721.42 of the Revised Code to sunset the sale of delinquent property tax certificates effective January 1, 2027. It prohibits the sale or transfer of tax certificates after this date and establishes requirements for conducting sales prior to the deadline, including bidder registration and payment procedures.
Rationale
The bill restricts the sale of property tax certificates, which can be seen as limiting property rights and market freedom, conflicting with core Libertarian principles of free markets and property rights.
Risks and Concerns
- Potential loss of property rights for individuals
- Reduced market activity in property tax certificates
- Increased government control over property transactions