The bill amends various sections of the Revised Code and introduces new sections to empower local governments in Ohio to create residential stability zones, which will allow homeowners to qualify for partial property tax exemptions aimed at promoting stability in residential areas. Key modifications include changes to sections 4503.06, 5713.07, 5713.08, and 5715.27, along with the introduction of sections 5709.29 and 5709.99. These amendments ensure that any exemptions granted under the new section 5709.29 are factored into the tax assessments for manufactured and mobile homes, thereby potentially reducing the tax burden for eligible homeowners.

Additionally, the bill establishes criteria for homeowners seeking tax exemptions, including income limitations and asset ownership restrictions, while providing specific provisions for homeowners aged sixty or older. It also outlines the process for the county auditor to manage delinquent manufactured home taxes and introduces a framework for property tax exemptions, including the requirement for a certificate from the county treasurer confirming the payment of all taxes. The legislation aims to enhance local governance and community stability through these tax relief measures, while also streamlining the application process for property tax exemptions and ensuring compliance with reporting requirements.

Statutes affected:
As Introduced: 4503.06, 5713.07, 5713.08, 5715.27