The bill, introduced by Representatives Sigrist and Hoops, seeks to amend various sections of the Revised Code to enable local governments in Ohio to create residential stability zones. These zones will allow homeowners to qualify for partial property tax exemptions aimed at promoting residential stability. Key amendments include the insertion of language in section 5709.29, which alters the assessment of manufactured or mobile homes for tax purposes, and clarifies the conditions under which these homes are taxed, such as the requirement for them to be affixed to a permanent foundation and located on owned land. The legislation also introduces provisions for managing delinquent taxes on manufactured homes, including the creation of an annual "delinquent manufactured home tax list" by the county auditor and the possibility of waiving penalties for timely payments.

Additionally, the bill establishes a framework for defining and designating residential stability zones, including eligibility criteria based on household income and ownership requirements. Homeowners must apply through a designated housing officer and attest to meeting specific guidelines to qualify for tax exemptions. The bill also includes special provisions for homeowners aged 60 and older, allowing for indefinite or extended exemptions based on their circumstances. It mandates the county auditor to maintain an updated list of exempt properties and outlines the application process for tax exemptions, ensuring that school districts are notified and can participate in related hearings. Overall, the bill aims to provide financial relief to eligible homeowners while enhancing community stability through structured tax exemption processes.

Statutes affected:
As Introduced: 4503.06, 5713.07, 5713.08, 5715.27