Ohio counties can sell delinquent property-tax debt to private investors, giving counties immediate revenue while leaving struggling homeowners to deal with interest, fees, and the possibility of foreclosure. I sat down with Jasson Farrier, the Ohio Housing Nerd, to break down how Ohio’s tax-certificate system works, why a relatively small delinquency can become a much larger debt, and what this means for homeowners across the state.
We also discuss the scale of Ohio’s property-tax problem, the Supreme Court’s recent Pung v. Isabella County decision, and Ohio House Bill 493, which could restrict future tax-certificate sales involving owner-occupied homes. The bigger question: should counties be able to turn a homeowner’s financial hardship into an investment opportunity for a private company?
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