Investors are buying Ohioans’ unpaid property tax debts, with 18% interest
Ohio counties are selling record levels of residents’ property tax debts to private investors, who charge up to 18% interest when they collect. Bipartisan lawmakers have proposed eliminating the lien sales outright, while gubernatorial candidate Amy Acton has called for a crackdown.
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Local news is in crisis. Across the country, including here in Ohio, the commercial news industry has been on the decline, leading to the loss of nearly three-quarters of journalism jobs since 2005, leading to less accountability, more polarization, and more government waste. With the volume of original reporting in Ohio communities reduced to a small fraction of what it once was, nonprofit news offers a path forward