Ohio House Takes Legislative Action Against Property Tax Increases
COLUMBUS—Members of the Ohio House of Representatives are taking legislative steps to address growing concerns regarding property tax increases in many Ohio counties, announced State Rep. Jean Schmidt (R-Loveland).
Property tax in Ohio is determined by the tax rate and property valuation from the previous year. Recently, there was a projected 43% property tax increase in Clermont County primarily based on a steep property value increase.
The recently introduced Ohio Homeowners Relief Act, House Bill 187, will modify the procedures used by the Tax Commissioner to conduct property tax sales assessment ratio studies. Specifically, the bill will require the commissioner to work with local elected officials and weigh the past three years of a county’s property values in order to determine property tax.
“By co-sponsoring this significant legislation, my goal is to provide relief to the residents of Clermont County and ensure a more equitable property tax system,” said Schmidt. “I will continue to fight for fair and transparent property tax regulations.”
If passed, this legislation would be applicable to the 2023 tax season.
The Ohio Homeowners Relief Act is sponsored by State Reps. Thomas Hall (R-Madison Twp.) and State Rep. Adam Bird (R-New Richmond) and currently has 13 co-sponsors, including Schmidt.
House Bill 187 awaits a committee assignment.