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.

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.