The bill amends the Revised Code to establish a property tax deferral program for eligible homeowners in Ohio, specifically targeting those who are permanently and totally disabled or have a total income not exceeding 250% of the federal poverty level. New sections 323.21 and 323.22 outline the eligibility criteria and application process, requiring homeowners to have owned and occupied their homestead for at least one year and to not owe delinquent taxes unless under a valid contract. The bill also modifies existing sections, such as 319.202 and 323.155, to incorporate references to this new deferral option, ensuring that tax bills reflect the net amount due after deferrals and that county auditors certify the remaining tax amounts.

In addition to the property tax deferral program, the bill introduces various amendments related to the taxation of manufactured homes and residential rental properties. It mandates that county treasurers certify deferred manufactured home taxes and establishes a property tax deferral revolving fund to manage these deferred amounts. The bill also requires owners of residential rental properties to maintain updated information with the county auditor and outlines the responsibilities of the county treasurer and tax commissioner regarding the fund. Several existing sections of the Revised Code are repealed, indicating a significant restructuring of tax laws, with the amendments applying to tax years ending on or after the effective date for real property and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