The loophole that lets property owners in Ohio and beyond use to obscure their sales – cleveland.com

The loophole that lets property owners in Ohio and beyond use to obscure their sales – cleveland.com

The loophole that lets property owners in Ohio and beyond use to obscure their sales – cleveland.com

Commercial property for sale in Pennsylvania. In Ohio, the drop-down limited liability company can obscure the value of a property. Rudy Miller | For lehighvalleylive.com
COLUMBUS, Ohio – Commercial property owners are pushing for legislation that would upend a 45-year-old law that allows school districts to challenge property valuations.
Supporters of HB 126 say it would make Ohio a more competitive property market. However, education officials warn the move could result in a shift in education funding, and would serve as a financial boon to developers.
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