Ohio HB143 proposes an enhanced property tax homestead exemption for long-term homeowners.
Ohio HB143 amends sections 323.152, 323.153, 4503.065, and 4503.066 of the Revised Code to authorize an enhanced property tax homestead exemption for certain long-term homeowners. It allows for a reduction in real property taxes for homeowners who have continuously owned and occupied their homestead for at least 20 years. The bill also provides for a partial exemption for manufactured or mobile homes under certain conditions. It includes provisions for late applications and adjustments to income thresholds and reduction amounts annually.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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