Cirino Votes to Approve Billions in Long Term Relief for Ohio Property Taxpayers

COLUMBUS—Senator Jerry Cirino (R-Kirtland) voted alongside his colleagues in the Ohio Senate to pass major reforms to Ohio's Property Tax Laws ending the unfair practice of runaway tax increases without a vote of the people.

This will save Ohio's property taxpayers $2 billion over three years as the full force of the changes take effect.

The Senate acted to pass reforms in five key areas.

• Prioritizing property tax relief for Ohioans who own and live in their homes. Homeowners will see an increase in the residential tax credit over the next 4 years. This will provide an additional $350 million to $400 million of property tax relief for Ohio homeowners while the nonbusiness property tax credit is phased out.
• Capping the basic automatic growth of inside millage to no more than the cumulative rate of inflation over the previous 3 years.
• Capping the growth in property taxes due to reappraisal to no more than the cumulative rate of inflation over the previous 3 years.
• Empowering County Budget Commissions to reduce unnecessary or excessive collections.
• Making existing Emergency and Substitute levies subject to the tax reduction factors. 

"Putting to bed the runaway tax revenue that is hurting Ohio homeowners is the focus of these bills," said Senate Senator Cirino. "I have heard from property owners all across the 18th district about finding tax relief. My fellow Senators and I are committed to ending the suffering Ohioans feel from sudden increases in property taxes."

Nearly 70% of all property tax revenue goes to schools.

Earlier this year the Ohio Senate passed a veto override, enforcing a new law that prohibits all future emergency and substitute levies. These levies fall outside of the anti-inflationary guardrails of existing law and contributed to shocking property tax bills for taxpayers.

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