Ohio HB61 modifies homestead exemption and owner-occupancy property tax credit amounts.

Ohio HB61 amends the Revised Code to modify the amount of homestead exemptions and owner-occupancy property tax credit. It affects individuals who are permanently and totally disabled, those aged sixty-five or older, and surviving spouses of deceased individuals who qualified for a reduction in taxes. The bill specifies the reduction amounts and conditions for eligibility, including income thresholds and the duration of the tax reduction. It also outlines the administrative process for applying these tax reductions and the distribution of funds among taxing districts.

Ohio HB61 modifies homestead exemption and owner-occupancy property tax credit amounts.

Ohio HB61 amends the Revised Code to modify the amount of homestead exemptions and owner-occupancy property tax credit. It affects individuals who are permanently and totally disabled, those aged sixty-five or older, and surviving spouses of deceased individuals who qualified for a reduction in taxes. The bill specifies the reduction amounts and conditions for eligibility, including income thresholds and the duration of the tax reduction. It also outlines the administrative process for applying these tax reductions and the distribution of funds among taxing districts.