Bill > HB212

This bill allows eligible homeowners to defer a portion of their property taxes based on their household income. Specifically, homeowners who are permanently and totally disabled or have a total income at or below 250% of the federal poverty level can apply to defer property taxes on their primary residence. The amount of taxes that can be deferred depends on the homeowner's income level: those at or below the poverty level can defer taxes equal to 1% of their income, those between 100-160% can defer 3%, and those between 160-250% can defer 5%. Homeowners must have continuously owned and occupied their home for at least one year and cannot have delinquent taxes. The deferred taxes do not accrue interest and are not considered unpaid or delinquent, but become due under certain circumstances such as selling the property, no longer occupying it, or if the homeowner's income exceeds 250% of the poverty level. A new property tax deferral revolving fund will be created to manage these deferred tax amounts, and county treasurers will be responsible for processing applications and tracking deferred taxes. The bill aims to provide financial relief for low-income and disabled homeowners by offering a flexible approach to managing property tax obligations.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/hb212