OH HB153

Limits expedited foreclosure procedures under sections 323.78 and division (G) of 323.73 to abandoned land parcels where tax impositions exceed fair market value as determined by county auditor valuation.

Allows owners and lienholders to file a good faith appraisal from a licensed professional appraiser at least seven days before final hearing to challenge whether impositions exceed fair market value, with preponderance of evidence standard required to preclude expedited foreclosure.

Establishes that county auditor's current valuation is prima facie evidence and rebuttable presumption of fair market value in all abandoned land proceedings under sections 323.65-323.79 and 5721.18.

Permits alternative disposition methods (sections 323.73, 323.74, 323.75, or 323.77) for parcels where impositions do not exceed fair market value, instead of the expedited foreclosure procedure in section 323.78.

Clarifies section 5721.20 procedures for handling residue money from land sales and foreclosures, excluding cases where property is transferred without sale to municipal or public entities under the alternative redemption period.