February 25, 2024
Property

How Ohio Legislature is tackling property tax hikes, high home values


Ohio lawmakers appear unlikely to act soon on property tax reform, even as homeowners complain they can't afford higher bills that arrived last month.

Ohio lawmakers appear unlikely to act soon on property tax reform, even as homeowners complain they can’t afford higher bills that arrived last month.

State legislators unveiled a slew of proposals last year as Ohioans saw their property values soar during the appraisal process. The tax hikes can’t be attributed solely to home values: Property taxes are subject to school funding rules and decisions by voters to approve extra money for zoos, libraries and more.

Taken together, Republicans and Democrats decided it’s time to look at Ohio’s complicated property tax system. But it could take months to find a solution, and it’s unclear if taxpayers will get any help in the interim.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *