Bill > HB391

This bill requires tax rates to be expressed both in mills and as a percentage of true value on tax bills and ballot language for elections occurring on or after January 1, 2026. Specifically, the bill amends sections of Ohio's Revised Code to mandate that tax bills for real property and manufactured homes include the effective tax rate expressed both in traditional mills (a unit of taxation where one mill equals $1 of tax per $1,000 of assessed property value) and as a percentage of the property's true value. For ballot measures, the bill requires that whenever a tax levy's millage is mentioned, it must be immediately followed by an expression of the proposed tax as a percentage of true value. The secretary of state will be responsible for prescribing the form of election notices and ballots to incorporate this new requirement, and county auditors must include this information when certifying tax proposals to taxing authorities. The goal appears to be increasing transparency by providing taxpayers with a clearer understanding of the actual tax burden relative to property value.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/hb391