Ohio § 5721.42
Full text of Ohio Ohio Revised Code § 5721.42, with citation guidance and answers to common questions.
§ 5721.42.
After the settlement required under division (C) of section 321.24 of the Revised Code , the county treasurer shall notify the certificate holder of the most recently issued
tax certificate, by ordinary first class or certified mail or by binary means, that
the certificate holder may purchase a subsequent tax certificate by paying all delinquent
taxes on the related certificate parcel the lien against which has not been transferred
by the sale of a tax certificate. During the thirty days after receiving the notice, the certificate holder possesses
the exclusive right to purchase the subsequent tax certificate by paying those amounts
to the county treasurer. The amount of the payment shall constitute a separate lien against the certificate
parcel that shall be evidenced by the issuance by the treasurer to the certificate
holder of an additional tax certificate with respect to the delinquent taxes so paid
on the related certificate parcel. The amount of the payment as set forth in the tax certificate shall earn interest
at the rate of eighteen per cent per year. The certificate period of each subsequent tax certificate shall terminate on the
expiration date of the certificate period of the most recent tax certificate for the
same certificate parcel.
Frequently Asked Questions About Ohio § 5721.42
What does Ohio Revised Code § 5721.42 cover?
Section 5721.42 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 § 5721.42?
A common citation format is "Ohio Revised Code § 5721.42" (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 § 5721.42 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.