The bill amends various sections of the Revised Code to implement a property tax freeze for certain owner-occupied homes, specifically targeting individuals who are sixty-five years of age or older, permanently and totally disabled, or surviving spouses of such individuals. A new section, 4503.0612, is introduced to outline eligibility criteria for the tax freeze, while section 323.152 is amended to specify that real property taxes on qualifying homesteads will be reduced based on income and property value thresholds. The bill also modifies existing language to clarify the application process for tax reductions, ensuring that eligible homeowners can access benefits without unnecessary barriers.

Additionally, the bill expands tax reduction criteria under section 323.152 by including new subdivisions and establishes a framework for counties to grant partial real property tax exemptions for qualifying homesteads. It also addresses the taxation of manufactured homes, detailing procedures for assessment, payment, and collection, while mandating that county auditors and treasurers fulfill specific responsibilities. The bill emphasizes the importance of notifying the county auditor of any changes in eligibility for tax reductions and introduces penalties for false statements. Overall, the bill aims to streamline the tax reduction process and enhance compliance and accountability among property owners.

Statutes affected:
As Introduced: 323.152, 323.153, 323.158, 4503.06, 4503.066, 4503.067, 4503.068, 4503.069, 4503.0610