Ohio § 6101.151
Full text of Ohio Ohio Revised Code § 6101.151, with citation guidance and answers to common questions.
§ 6101.151.
When real property is acquired which is located either within or without the acquiring
conservancy district and which is removed from the tax duplicate, the board of directors
of the conservancy district shall pay annually to the county treasurer of the county
in which such property is located, commencing with the tax year after the removal
of such property from the tax duplicate, an amount of money in lieu of taxes equal
to the smaller of the following: (A) The last annual installment of taxes due from the acquired property before removal
from the tax duplicate; (B) An amount equal to the difference between the combined revenue from real estate taxes
of all the taxing districts in which such property is located in the tax year immediately
prior to the removal of such acquired property from the tax duplicate, and (1) the
total revenue which would be produced by the tax rate of each such taxing district
in the tax year immediately prior to the removal of such acquired property from the
tax duplicate, applied to the real estate tax duplicate of each of such taxing districts
in each tax year subsequent to the year of removal, or (2) the combined revenue from
real estate taxes of all such taxing districts in each tax year subsequent to the
year of removal, whichever is the greater. The county auditor of each county in which such property is located shall apportion
each such annual payments [ sic ] to each taxing district as if such annual payment had been levied and collected
as a tax. Such annual payments shall never again be made after they have ceased.
Frequently Asked Questions About Ohio § 6101.151
What does Ohio Revised Code § 6101.151 cover?
Section 6101.151 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 6101.151?
A common citation format is "Ohio Revised Code § 6101.151" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 6101.151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.