Ohio SB275 allows eligible homeowners to defer a portion of their property taxes.

Ohio SB275 amends the Revised Code to allow eligible homeowners to defer a portion of their property taxes. Eligible homeowners include those who own and occupy their homestead, or occupy a housing cooperative, and meet income criteria based on the federal poverty level. The deferral amount is determined by the percentage of the individual's total income relative to the federal poverty level. The bill outlines procedures for applying for and managing the deferral, including the role of county auditors and treasurers in processing applications and managing deferred taxes.

Ohio SB275 allows eligible homeowners to defer a portion of their property taxes.

Ohio SB275 amends the Revised Code to allow eligible homeowners to defer a portion of their property taxes. Eligible homeowners include those who own and occupy their homestead, or occupy a housing cooperative, and meet income criteria based on the federal poverty level. The deferral amount is determined by the percentage of the individual's total income relative to the federal poverty level. The bill outlines procedures for applying for and managing the deferral, including the role of county auditors and treasurers in processing applications and managing deferred taxes.