Ohio § 727.031
Full text of Ohio Ohio Revised Code § 727.031, with citation guidance and answers to common questions.
§ 727.031.
(A) As used in this section: (1) “Nonprofit arts institution” has the same meaning as in division (G) of section 5709.121 of the Revised Code . (2) “ Qualifying real property ” means any real property that is located in a county having a population greater
than five hundred thousand but less than five hundred forty thousand and that is either
(i) owned and operated by a nonprofit arts institution or (ii) owned and operated
by a limited liability company whose sole member is a nonprofit arts institution. (B) For tax years 2020 to 2024, qualifying real property is exempt from special assessments
levied under Chapter 727. or 729. of the Revised Code, provided no delinquent special
assessments and related interest and penalties are levied or assessed against any
property owned by the owner and operator of the qualifying real property for that
tax year.
Frequently Asked Questions About Ohio § 727.031
What does Ohio Revised Code § 727.031 cover?
Section 727.031 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 § 727.031?
A common citation format is "Ohio Revised Code § 727.031" (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 § 727.031 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.