Increases the enhanced homestead exemption for certain disabled veterans in Ohio.

The bill amends sections 323.152 and 4503.065 of the Ohio Revised Code to increase the enhanced homestead exemption for disabled veterans. Real property taxes on a homestead owned and occupied by a disabled veteran are reduced for each year an application for the reduction has been approved. The reduction applies to only one homestead owned and occupied by the disabled veteran. The reduction is in lieu of any reduction under section 323.158 of the Revised Code or division (A)(1), (2)(a), or (3) of this section. The bill applies to tax year 2025 and every tax year thereafter.

Increases the enhanced homestead exemption for certain disabled veterans in Ohio.

The bill amends sections 323.152 and 4503.065 of the Ohio Revised Code to increase the enhanced homestead exemption for disabled veterans. Real property taxes on a homestead owned and occupied by a disabled veteran are reduced for each year an application for the reduction has been approved. The reduction applies to only one homestead owned and occupied by the disabled veteran. The reduction is in lieu of any reduction under section 323.158 of the Revised Code or division (A)(1), (2)(a), or (3) of this section. The bill applies to tax year 2025 and every tax year thereafter.