Authorizes total property tax exemption for totally disabled veterans and their surviving spouses.

This bill amends the Ohio Revised Code to provide a total property tax exemption for totally disabled veterans and their surviving spouses. It specifies that real property taxes on a homestead owned and occupied by a disabled veteran or their surviving spouse are reduced or exempted from taxation. The bill also details the calculation and application of these reductions, including adjustments based on the gross domestic product deflator. The exemption applies to one homestead or one manufactured or mobile home, and it continues until the surviving spouse dies or remarries.

Authorizes total property tax exemption for totally disabled veterans and their surviving spouses.

This bill amends the Ohio Revised Code to provide a total property tax exemption for totally disabled veterans and their surviving spouses. It specifies that real property taxes on a homestead owned and occupied by a disabled veteran or their surviving spouse are reduced or exempted from taxation. The bill also details the calculation and application of these reductions, including adjustments based on the gross domestic product deflator. The exemption applies to one homestead or one manufactured or mobile home, and it continues until the surviving spouse dies or remarries.