❌ HB86
Enact the Gus Frangos Act
Summary
HB86 amends various sections of the Ohio Revised Code regarding tax foreclosures and county land reutilization corporations. It establishes a real property tax suspension list, modifies judicial sale procedures, allows foreclosures without appraisal, and introduces requirements for delinquent tax contracts. The bill enhances government control over property management and tax collection processes while addressing penalties for noncompliance with zoning regulations. While it includes provisions for tax exemptions for certain charitable entities, the overarching trend reflects an increase in governmental oversight, conflicting with Libertarian principles of minimal state involvement and individual property rights.
Rationale
The bill involves substantial government intervention and control over property rights and tax processes, opposing core Libertarian principles emphasizing individual freedom and limited government. Although some provisions regarding tax exemptions for charitable organizations may align moderately, the overall impact of enhanced government control detracts from Libertarian values.
Risks and Concerns
- Potential for increased government control over property and foreclosure processes.
- Concerns about the impact on individual property rights and the ability to redeem properties.
- Increased bureaucratic inefficiencies and complications in foreclosure processes.
- Discouragement of private investment in real estate due to government overreach.
- Increased costs for individuals and businesses seeking permits or filing for tax exemptions.