The bill amends sections 323.152, 323.153, and 323.156 of the Revised Code to establish a temporary property tax credit of $300 per year for individuals who have continuously owned and occupied a homestead or manufactured home in Ohio. This credit is applicable for the first tax year following the bill's effective date and for the subsequent four years. The bill also modifies existing language by replacing the conjunction "and" with a comma in various sections and introduces new provisions regarding the application process for these tax reductions. It requires applicants to provide documentation of eligibility, including medical certification for disability-related reductions, and clarifies that the reductions do not apply to special assessments.

Additionally, the bill allows for late applications for tax reductions to be submitted alongside original applications, enabling county auditors to refund any overpayments. It mandates that property owners notify the county auditor if they no longer qualify for tax reductions, with penalties for non-compliance. The county auditor is also required to send out annual continuing applications to current recipients of tax reductions. The bill further modifies the certification procedures for tax reductions and outlines the reimbursement process for counties, while repealing existing sections of the Revised Code to ensure the new provisions operate cohesively. Overall, the bill aims to streamline the tax reduction process and provide financial relief to eligible homeowners.

Statutes affected:
As Introduced: 323.152, 323.153, 323.156