Bill > HB357

This bill amends sections 323.152 and 4503.065 of the Ohio Revised Code to index the homestead exemption amounts to inflation. Specifically, it requires the tax commissioner to annually adjust the total income threshold and reduction amounts for the homestead exemption program based on the percentage increase in the gross domestic product deflator. This change applies to tax year 2021 and beyond for the real property tax homestead exemption, and to tax year 2022 and beyond for the manufactured home tax homestead exemption.