Ohio HB421 allows electors to reduce property tax rates and prevents reallocation of reduced mills.

Ohio HB421, known as the Taxpayers Freedom Trilogy – Act Two: Arresting Inside Millage, enables electors to initiate a reduction in property tax rates within the ten-mill limit through a petition process. If the petition is deemed valid, the question is submitted to voters at the next general election. If approved, the tax rate is reduced starting January 1 of the following year. The bill also prohibits county budget commissions from reallocating reduced tax rates to other subdivisions or taxing units without voter approval.

Ohio HB421 allows electors to reduce property tax rates and prevents reallocation of reduced mills.

Ohio HB421, known as the Taxpayers Freedom Trilogy – Act Two: Arresting Inside Millage, enables electors to initiate a reduction in property tax rates within the ten-mill limit through a petition process. If the petition is deemed valid, the question is submitted to voters at the next general election. If approved, the tax rate is reduced starting January 1 of the following year. The bill also prohibits county budget commissions from reallocating reduced tax rates to other subdivisions or taxing units without voter approval.