The bill, introduced by Senator Cutrona, amends the Revised Code to provide a property tax reduction for certain owner-occupied homes in Ohio, particularly targeting individuals aged sixty-five or older. A new section, 4503.0612, is established to offer a fifty percent reduction on current taxes for expanded homesteads owned and occupied by these individuals. The bill also introduces provisions for tax reductions for disabled veterans, their surviving spouses, and the surviving spouses of public service officers killed in the line of duty. Additionally, it updates the application process for these tax reductions, requiring documentation to prove eligibility and establishing a continuing application process for each year the property remains the applicant's homestead.

Moreover, the bill modifies existing laws regarding the taxation of manufactured and mobile homes, including procedures for tax payments, penalties, and the handling of delinquent taxes. It allows for extensions in tax payment deadlines under certain circumstances and provides a mechanism for homeowners to elect different taxation methods. The bill also mandates that county auditors appraise manufactured homes at least once every six years and notify homeowners of any valuation changes. It includes penalties for providing false information to obtain tax reductions and establishes a process for appealing denied applications. Several outdated sections of the Revised Code are repealed to streamline the tax exemption process and ensure fair assessment and reduction of taxes for eligible individuals.

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