Ohio HJR10 proposes to exempt owner-occupied residences from increased taxation due to inflation.

Ohio HJR10 seeks to amend the state constitution to exempt owner-occupied residences from increased taxation due to inflation. Specifically, it aims to exempt the increased value of a homestead from taxation if the appraised value exceeds the previous year's value by more than the inflation percentage. This exemption applies as long as the homestead remains owned by the same individual or their spouse. The inflation percentage is defined as the lesser of 2028, the increase in the appraised value, or three percent.

Ohio HJR10 proposes to exempt owner-occupied residences from increased taxation due to inflation.

Ohio HJR10 seeks to amend the state constitution to exempt owner-occupied residences from increased taxation due to inflation. Specifically, it aims to exempt the increased value of a homestead from taxation if the appraised value exceeds the previous year's value by more than the inflation percentage. This exemption applies as long as the homestead remains owned by the same individual or their spouse. The inflation percentage is defined as the lesser of 2028, the increase in the appraised value, or three percent.