Ohio § 5722.13 Public auction of land after fifteen years

Ohio Statutes

§ 5722.13 — Public auction of land after fifteen years

Ohio § 5722.13

Title 57Taxation

Ch. 5722Land Reutilization Program

This text of Ohio § 5722.13 (Public auction of land after fifteen years) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5722.13 (2026).

Text

Real property acquired and held by an electing  subdivision pursuant to this chapter that is not sold or otherwise  transferred within fifteen years after such acquisition shall be  offered for sale at public auction during the sixteenth year after  acquisition. If the real property is not sold at that time, it may  be disposed of or retained for any lawful purpose without further  application of this chapter.

Notice of the sale shall contain a description of each  parcel, the permanent parcel number, and the full street address  when available. The notice shall be published once a week for  three consecutive weeks prior to the sale in a newspaper of  general circulation within the electing subdivision. The newspaper  shall meet the requirements of section7.12of the Revised Code.

Each pa

Free access — add to your briefcase to read the full text and ask questions with AI

Real property acquired and held by an electing subdivision pursuant to this chapter that is not sold or otherwise transferred within fifteen years after such acquisition shall be offered for sale at public auction during the sixteenth year after acquisition. If the real property is not sold at that time, it may be disposed of or retained for any lawful purpose without further application of this chapter.

Notice of the sale shall contain a description of each parcel, the permanent parcel number, and the full street address when available. The notice shall be published once a week for three consecutive weeks prior to the sale in a newspaper of general circulation within the electing subdivision. The newspaper shall meet the requirements of section7.12of the Revised Code.

Each parcel subsequent to the fifteenth year after its acquisition as part of a land reutilization program shall be sold for an amount equal to not less than the greater of:

(A) Two-thirds of its fair market value;

(B) The total amount of accrued taxes, assessments, penalties, interest, charges, and costs incurred by the electing subdivision in the acquisition, maintenance, and disposal of each parcel and the parcel's share of the costs and expenses of the land reutilization program.

The sale requirements of this section do not apply to real property acquired and held by a county land reutilization corporation.