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HB 493

Sunset the sale of delinquent property tax certificates

136th Legislature (2025-2026) Introduced by Sean Brennan and 9 co-sponsors

HB 493 eliminates Ohio's delinquent property tax certificate sales system, shifting how unpaid property taxes are collected and potentially affecting county revenues and property foreclosures.

Referred to committee
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Bill Summary · HB 493

Legislative bill overview

HB 493 proposes to eliminate Ohio's practice of selling delinquent property tax certificates, a mechanism where the state auctions off the right to collect unpaid property taxes to investors. The bill would sunset this system, meaning it would phase out or terminate the sale of these certificates entirely.

Why is this important

Property tax certificate sales are a significant revenue collection tool for Ohio counties and a source of investment returns for certificate buyers. Eliminating this system would fundamentally change how delinquent property taxes are collected and could impact county budgets, property owner foreclosure processes, and investor returns. The shift could also alter the timeline and method for addressing unpaid property taxes statewide.

Potential points of contention

  • County revenue impact: Counties depend on certificate sale revenue to fund schools, infrastructure, and services; eliminating this mechanism may require alternative funding sources
  • Property owner consequences: The current system can lead to foreclosure; sunsetting it requires clarity on what replaces it to ensure properties with unpaid taxes are still addressed
  • Investor stakeholder interests: Current investors in tax certificates would lose this income stream, creating opposition from financial interests that benefit from the current system

Compiled from official sources — confirm details with the bill’s official record.

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