Ohio HB89 proposes a temporary property tax reduction for eligible properties.

Ohio HB89 would reduce property taxes for eligible properties for tax year 2024 and manufactured home taxes for tax year 2025. The reduction applies to properties that were on the tax list in 2022 and continuously owned by the same person from 2022 to 2024. The reduction amount is based on the difference between the current taxes for 2024 and 2022 for real property, and for 2025 and 2023 for manufactured homes. The county auditor must certify the reduction amount to the county treasurer within fifteen days of the bill's effective date.

Ohio HB89 proposes a temporary property tax reduction for eligible properties.

Ohio HB89 would reduce property taxes for eligible properties for tax year 2024 and manufactured home taxes for tax year 2025. The reduction applies to properties that were on the tax list in 2022 and continuously owned by the same person from 2022 to 2024. The reduction amount is based on the difference between the current taxes for 2024 and 2022 for real property, and for 2025 and 2023 for manufactured homes. The county auditor must certify the reduction amount to the county treasurer within fifteen days of the bill's effective date.