The bill amends the Revised Code to establish a property tax deferral program for eligible homeowners, introducing new sections 323.21 and 323.22 that outline the process for deferring property tax payments. An "eligible homeowner" is defined as someone who owns and occupies a homestead or resides in a housing cooperative, is permanently disabled or has a total income not exceeding 250% of the federal poverty level, has owned the homestead for at least one year, and does not owe delinquent taxes unless under a valid tax contract. The bill also modifies existing sections, including 319.202, 319.302, 323.155, and 323.158, to reference this new deferral option, ensuring that tax bills reflect the net amount due after deferrals and that county auditors certify the remaining tax amounts.

Additionally, the bill includes provisions for the taxation of manufactured homes and residential rental properties, requiring county treasurers to certify the total amount of manufactured home taxes levied, including those deferred. It mandates that if a county grants a partial real property tax exemption, a corresponding exemption for manufactured homes must also be granted. The bill also establishes requirements for residential rental property owners to maintain updated information with the county auditor and repeals several existing sections to streamline property taxation compliance. The amendments will take effect for tax years ending on or after the bill's effective date for real property and beginning on or after the effective date for manufactured homes.

Statutes affected:
As Introduced: 319.202, 319.302, 323.155, 323.158, 4503.0610, 5323.02