Abate property taxes on township property

This bill allows townships in Ohio to apply for a full abatement of unpaid property taxes, penalties, and interest on specific properties they have acquired. To qualify, the township must have recorded the deed between January 1 and December 31 of a specified year, and the property must meet state standards for tax exemption as being used exclusively for a public purpose. Townships have twelve months from the bill's effective date to submit an application to the Tax Commissioner, which includes details on the property's value and tax history. If the commissioner approves the application, the property is placed on the exempt list and all associated tax debts are forgiven; otherwise, the county treasurer is ordered to collect the outstanding amounts.