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

COLUMBUS—State Senator Steve Huffman (R-Tipp City)  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 the residential tax credit increase 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. 

"These bills restore confidence for homeowners across the state of Ohio," said Senator Huffman. "Skyrocketing home prices have dealt a blow to everyday Ohioans and these pieces of legislation put measures in place so that this situation does not happen again. I know this much needed tax relief will encourage and support property owners throughout Ohio." 

More than 70% of all property tax revenue collected goes to local 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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