The bill amends various sections of the Revised Code to implement a property tax freeze for owner-occupied homes owned by individuals aged sixty-five and older, provided their total income does not exceed seventy thousand dollars. The tax reduction is calculated based on the difference between the current year's taxes and the previous year's taxes, with the stipulation that it does not apply in the year the homestead title is transferred. Additionally, the bill modifies existing provisions for tax reductions for disabled veterans and surviving spouses of public service officers, clarifying the application process and specifying that these reductions do not apply to special assessments.

Moreover, the bill introduces new provisions for the taxation of manufactured homes, including a requirement for county auditors to provide continuing applications for tax reductions and to notify homeowners of any changes in eligibility. It establishes a process for counties with major league professional athletic teams to grant partial real property tax exemptions and outlines the conditions under which manufactured homes may be exempt from taxation. The bill also repeals outdated sections of the Revised Code, streamlining the legal framework for property tax exemptions and assessments, and ensuring that the new provisions take effect for tax years beginning on or after the bill's effective date.

Statutes affected:
As Introduced: 323.152, 323.153, 323.156, 323.158, 4503.06, 4503.066, 4503.067, 4503.069, 4503.0610