Manning Votes to Reduce Property Tax Burden of Long Time Homeowners

COLUMBUS – State Representative Gayle Manning (R-North Ridgeville) helped pass legislation Tuesday that will create two enhanced homestead exemption to assist disabled veterans and seniors.

Homestead exemptions are nothing new in Ohio. With the consistent increase in property taxes, Ohio’s most vulnerable population is in real fear of not being able to afford their tax bill. 

House Bill 274 will help relieve the tax burden by creating a new enhanced homestead exemption for seniors that have lived in their homes for 20 years or more. Homeowners can be exempted from $50,000 of their homes value, which would double the tax relief currently available to them through the general homestead exemption.

For disabled veterans, the $50,000 current enhanced exemption will be adjusted to inflation.

“When property values increase, but incomes do not, it places a significant burden on residents,” said Manning, who co-sponsored the legislation. “This bill is a step in the right direction to provide some relief from climbing property taxes, especially for the most vulnerable.” 

To qualify for this enhancement, homeowners will have to meet the general homestead exemption of 65 or older or be at least 59 years old and the surviving spouse of the previous recipient and have an adjusted gross income of $38,600 or less. 

The legislation will now head to the Ohio Senate for further consideration.