2006 Ohio Revised Code - 5722.14. Land included in impacted cities project; valuation for tax purposes.
§ 5722.14. Land included in impacted cities project; valuation for tax purposes.
If nonproductive land is subsequently included within an impacted cities project, as defined in
section 1728.01 of the Revised Code, taxes on the land in the base period of the year immediately preceding the initial acquisition, as provided in
section 1728.111 [1728.11.1] of the Revised Code, shall be determined by applying the land valuation as it existed in either the year preceding such initial acquisition, or in the next succeeding year after such nonproductive land is sold pursuant to
section 5722.07 or
5722.13 of the Revised Code, whichever valuation is greater.
HISTORY: 136 v H 1327. Eff 9-27-76.
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