OH HB540

Nonprofit conservation organizations holding more than 15,000 acres of tax-exempt land in a single county must make annual payments in lieu of taxes (PILOTs) to county treasurers, beginning June 30, 2026

Payment amount equals 2.5% of the unimproved taxable value of qualifying property, calculated as if the land were subject to taxation

County auditors must distribute PILOT funds within 30 days to local taxing units (schools, townships, etc.) in proportion to what each would have received if the property were taxed

Qualifying property excludes portions used for meetings, research, educational activities, or organizational administration

Unpaid amounts are subject to collection through the same process used for delinquent property taxes