The bill amends the Revised Code to provide a property tax reduction for certain owner-occupied homes, particularly benefiting elderly individuals, disabled persons, and surviving spouses of deceased individuals who previously qualified for tax reductions. A significant addition is the establishment of a new section, 4503.0612, which allows for a fifty percent reduction in current taxes for expanded homesteads owned and occupied by individuals aged sixty-five or older. The bill also clarifies definitions related to "current taxes" and "expanded homestead," while modifying the application process for tax reductions to include documentation requirements for eligibility.

Additionally, the bill introduces provisions for late applications for tax reductions, mandates property owners to notify the county auditor if they no longer qualify for reductions, and establishes penalties for non-compliance. It outlines a framework for county commissioners to grant partial real property tax exemptions and details the responsibilities of the county auditor in administering these exemptions. The bill also addresses the taxation of manufactured and mobile homes, including assessment procedures, penalties for delinquent taxes, and the appraisal process. Overall, the legislation aims to enhance tax relief for vulnerable populations while streamlining the administration of property tax exemptions.

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