OH HB449

Applies Ohio's real estate transfer tax to transfers of more than 50% ownership interest in pass-through entities that directly or indirectly own real property, expanding beyond traditional property deed transfers.

Requires transferors to submit statements to county auditors within 30 days identifying the consideration paid, percentage of ownership transferred, and the portion attributable to real property in each county.

Imposes a fee on qualifying transfers calculated as the greater of $1 or 10 cents per $100 of the attributable property value, plus any county real property transfer tax levied under Chapter 322.

Establishes a penalty equal to the property's true value multiplied by unpaid fee/tax rates if the transferor fails to pay within 30 days, to be collected as a tax lien on real property owned by the pass-through entity.

Allows county commissioners to prescribe lower transfer tax rates for homesteads receiving tax reductions under existing law, applying the same lower rate to both real property and manufactured home transfers.