Section 5722.11 — Tax exemption for lands acquired.
38 words·~1 min read·
/oh/title-57-taxation/chapter-5722-land-reutilization-program/5722-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All lands acquired and held by an electing subdivision pursuant to this chapter shall be deemed real property used for a public purpose and, notwithstanding section 5709.08 of the Revised Code, shall be exempt from taxation until sold.