Lead Sponsors: Senator George Lang and Senator Terry Johnson
Status: 4th Hearing in Senate Ways and Means (October 11, 2023)
Description: The bill changes the information that the Department of Taxation uses to update property values for tax purposes by requiring that sales ratio studies include all sales made during the preceding three years and that all sales are given equal weight.
The bill also makes a similar temporary adjustment to the calculation of the current agricultural use value (CAUV) for property taxation.
CCAO Position: No position (as of July 2024)
Other Notes: The Butler County Prosecutor provided proponent testimony, while the Warren County Auditor and the Franklin County Auditor provided opponent testimony.