COLUMBUS – State Rep. Richard Dell’Aquila (D-Seven Hills) announced that he and Joint Sponsor, State Rep. Adam Mathews (R-Lebanon), have together filed legislation to expand Ohio’s current Homestead Exemption system to offer qualifying Ohioans greater protection from rising property taxes.
“We understand the unique stresses faced by Ohio seniors and disabled veterans in meeting the rising costs of everyday living. I was disappointed when, earlier in the session, legislation was passed to index the homestead exemption for future cost of living changes, but failed to provide any current relief from rising property taxes. This legislation would retain that future indexing and also help qualifying homeowners stay in their homes by also providing immediate tax relief,” said Rep. Dell’Aquila.
The legislation – backed by co-sponsors of both parties – will create urgently-needed tax relief of $50,000 in exempted property valuation for those qualifying Ohioans who have lived in their homes for 20 or more years; helping families remain in their longstanding homes and adding an additional layer of protection from rising property tax costs.