Bill > HB335

This bill amends Ohio's tax code to limit revenue increases from inside millage levies during county reappraisal or triennial update years. Specifically, the bill introduces a new section that requires county budget commissions to adjust levy rates so that tax revenue increases do not exceed the inflation factor (calculated as the percentage change in the gross domestic product deflator over three preceding years). When a county undergoes a reappraisal, the commission must adjust the levy rate to ensure that the increase in current taxes charged and payable does not exceed the base taxes multiplied by the inflation factor. If taxes do not increase during the reappraisal year, the bill provides a mechanism for taxing units to request a rate increase by demonstrating need to the county budget commission. The tax commissioner will calculate the inflation factor annually and certify it to county auditors. These changes will apply to real property tax lists starting in tax year 2026 and manufactured home tax lists starting in tax year 2027, providing a mechanism to prevent unexpected tax revenue increases during property reappraisals while allowing some flexibility for taxing units with demonstrated financial needs.

Budget and Finance, Government Affairs

https://www.legislature.ohio.gov/legislation/136/hb335