Bill > SB92

This bill amends Ohio law to provide a total property tax exemption for homesteads owned by totally disabled veterans and their surviving spouses. Specifically, the legislation modifies existing tax code to change how property taxes are handled for disabled veterans and their families. Under the new provisions, instead of receiving a partial tax reduction, disabled veterans and their surviving spouses will now be completely exempt from property taxes on their primary residence. The exemption applies to both real property (houses) and manufactured homes, and is limited to one homestead per veteran or surviving spouse. The bill specifies that this total exemption will take effect for tax year 2025 for real property and tax year 2026 for manufactured homes. The changes aim to provide additional financial relief for disabled veterans by eliminating their property tax burden entirely, recognizing the sacrifices made by those who have become totally disabled during military service. The bill ensures that the exemption continues for surviving spouses under certain conditions, such as not remarrying, and maintains the exemption's applicability even if the homestead is transferred.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/sb92