Bill > HB254

This bill expands and enhances the homestead property tax exemption for disabled veterans in Ohio. Specifically, it amends sections of the Ohio Revised Code to: 1) Reduce property taxes on homesteads owned and occupied by disabled veterans who have received a 50% or greater disability rating, with the reduction amount depending on the disability percentage. This reduction is in lieu of any other homestead exemption. 2) Increase the property value threshold for the standard homestead exemption from $25,000 to $50,000 for disabled veterans with a 50% or greater disability rating. 3) Allow the homestead exemption to continue for the surviving spouse of a disabled veteran or public service officer killed in the line of duty, until the spouse dies or remarries. 4) Require certain documentation to be provided when applying for these exemptions, such as a letter from the U.S. Department of Veterans Affairs confirming the disabled veteran's disability rating. The amendments to the property tax exemptions for disabled veterans apply starting in tax year 2023, while the changes to the manufactured home tax exemptions apply starting in tax year 2024.

Budget and Finance

https://www.legislature.ohio.gov/legislation/135/hb254