summary
Introduced
05/24/2023
05/24/2023
In Committee
12/06/2023
12/06/2023
Crossed Over
10/11/2023
10/11/2023
Passed
12/06/2023
12/06/2023
Dead
Introduced Session
135th General Assembly (2023-2024)
Bill Summary
To amend sections 323.152, 323.153, 323.156, 2506.01, 4503.065, 4503.066, 4503.068, 5713.01, 5713.03, 5715.012, 5715.19, 5715.24, 5715.25, 5715.251, 5715.26, and 5717.01 of the Revised Code to make changes to the law governing real property valuation and tax complaints, to temporarily modify the computation of the homestead exemption, to abate property taxes on certain municipal and community improvement corporation property, to make an appropriation, and to declare an emergency.
AI Summary
This bill amends sections of the Ohio Revised Code to make changes to the law governing real property valuation and tax complaints, temporarily modify the computation of the homestead exemption, abate property taxes on certain municipal and community improvement corporation property, and make an appropriation. Specifically, the bill increases the maximum value reduction for the homestead exemption to $60,000 for 2023-2025, expands eligibility for the enhanced reduction, and allows certain property owned by municipal corporations and community improvement corporations to be placed on the exempt list and have unpaid taxes abated. The bill also makes changes to the property tax complaint and appeal process, including adjusting the filing threshold and prohibiting certain third-party appeals. Additionally, the bill appropriates $25 million in fiscal year 2024 and $50 million in fiscal year 2025 to reimburse local governments and school districts for the tax reductions.
Committee Categories
Budget and Finance
Sponsors (17)
Adam Bird (R)*,
Thomas Hall (R)*,
Nickie Antonio (D),
Andrew Brenner (R),
Jerry Cirino (R),
Bill DeMora (D),
Matt Dolan (R),
Theresa Gavarone (R),
Terry Johnson (R),
Al Landis (R),
George Lang (R),
Nathan Manning (R),
Bill Reineke (R),
Mark Romanchuk (R),
Michael Rulli (R),
Tim Schaffer (R),
Shane Wilkin (R),
Last Action
Senate Ways and Means 3rd Hearing (10:30:00 12/6/2023 Grant Hearing Room) (on 12/06/2023)
Official Document
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