Fiscal Note & Local Impact Statement

125 th General Assembly of Ohio

Ohio Legislative Service Commission

77 South High Street, 9th Floor, Columbus, OH 43215-6136 Phone: (614) 466-3615

Internet Web Site:


H.B. 135


May 7, 2003


As Introduced


Rep. Willamowski



Corrected after initial review



Makes revisions to Ohio Condominium Law


State Fiscal Highlights


        No direct fiscal effect on the state.

Local Fiscal Highlights


        No direct fiscal effect on local governments, but, as an indirect effect, could increase or decrease property tax revenues.



Detailed Fiscal Analysis



This bill amends the Ohio Condominium Law and addresses many issues relating to the operation and governing of condominium complexes. None of these changes have a direct fiscal impact on state agencies.


Local Indirect Effects


Under the bill, condominium unit owners associations are authorized to purchase, hold title to, and sell real property that is not declared to be part of the condominium property. The bill also reduces from 100% to 75% the majority of the unit owners required to consent to these and other transactions. With a relaxed requirement for an affirmative vote, the extent to which owners associations engage in real property transactions could increase. Depending on the type of transactions, this could either increase or decrease local property tax revenue.



LSC fiscal staff: Erin Jones, Budget Analyst