The bill amends sections of the Revised Code to enhance property tax homestead exemptions for long-term homeowners, specifically those who have owned and occupied their homestead for twenty or more years. It introduces a new threshold of fifty-six thousand dollars for the true value of the property eligible for tax reduction, applicable to individuals whose total income does not exceed a specified limit, as well as to the surviving spouses of eligible homeowners. The bill also ensures that disabled veterans and surviving spouses of public service officers killed in the line of duty receive similar tax reductions. Additionally, it modifies existing language to expand eligibility criteria and outlines the documentation required for applicants, thereby providing more comprehensive support for these groups.

Furthermore, the bill addresses the application process for tax reductions related to manufactured and mobile homes, introducing new provisions that require applicants to submit a statement regarding the consequences of willfully providing false information, which includes a three-year revocation of tax reduction rights. It allows for late applications to be filed alongside original applications and mandates that county auditors notify property owners of any charges for failing to report ineligibility. The bill also clarifies the criteria for tax reductions for individuals who are permanently disabled, elderly, or surviving spouses of disabled veterans, ensuring that the adjustments align with economic indicators while streamlining the application process and enhancing compliance with eligibility requirements.

Statutes affected:
As Introduced: 323.152, 323.153, 4503.065, 4503.066