Ohio HB483 allows eligible homeowners to defer a portion of their property taxes.

Ohio HB483 amends the Ohio Revised Code to allow eligible homeowners to defer a portion of their property taxes. Eligible homeowners can apply to the county auditor for a deferral, which is subject to approval. The deferral applies to real property taxes on a homestead and can be adjusted annually. The deferred taxes accrue interest and must be paid when due. The bill also outlines procedures for property transfers and updates to tax information. The changes apply to tax years starting from 2026 for real property and 2027 for manufactured or mobile homes.

Ohio HB483 allows eligible homeowners to defer a portion of their property taxes.

Ohio HB483 amends the Ohio Revised Code to allow eligible homeowners to defer a portion of their property taxes. Eligible homeowners can apply to the county auditor for a deferral, which is subject to approval. The deferral applies to real property taxes on a homestead and can be adjusted annually. The deferred taxes accrue interest and must be paid when due. The bill also outlines procedures for property transfers and updates to tax information. The changes apply to tax years starting from 2026 for real property and 2027 for manufactured or mobile homes.