Increases the homestead exemption amount and income limit in Ohio.

This bill amends sections 323.152 and 4503.065 of the Ohio Revised Code to increase the homestead exemption amount and income limit. The changes include raising the income limit for eligibility for the homestead exemption and modifying the calculation for the reduction in taxes for certain individuals, including disabled veterans and their surviving spouses. The amendments apply to tax years starting in 2025 and 2026, respectively.

Increases the homestead exemption amount and income limit in Ohio.

This bill amends sections 323.152 and 4503.065 of the Ohio Revised Code to increase the homestead exemption amount and income limit. The changes include raising the income limit for eligibility for the homestead exemption and modifying the calculation for the reduction in taxes for certain individuals, including disabled veterans and their surviving spouses. The amendments apply to tax years starting in 2025 and 2026, respectively.