Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, October 11
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Ohio House passes levy bill in attempt to provide property tax relief
    Property

    Ohio House passes levy bill in attempt to provide property tax relief

    March 20, 20253 Mins Read


    play

    Town hall shows frustrations over property taxes

    Ohio State Rep. David Thomas, R-Jefferson, addresses a property tax town hall organized by state Rep. Gary Click, R-Vickery, in Fremont, Ohio.

    • Ohio House Bill 28 seeks to ban replacement property tax levies, which increase revenue for local governments as property values rise.
    • Supporters argue that replacement levies are misleading to voters, while opponents say they are essential for funding local services.

    Ohio would eliminate one type of property tax levy under a bill passed by the Ohio House Wednesday as lawmakers seek to quell homeowner concerns about high taxes.

    House Bill 28 would prohibit local governments and taxing jurisdictions from putting replacement levies on the ballot. The proposal is one of several ideas on the table to provide property tax relief after home values skyrocketed in 2023 and 2024 and left many taxpayers in the lurch.

    “We have seen the impact of increased property taxes, and our constituents have been clear in their desire to see meaningful, systemic property tax (reform) enacted,” Rep. Adam Mathews, R-Lebanon, said. “This is a step towards that.”

    Ohio allows four different kinds of levies, according to the Legislative Service Commission, two of which sound similar: Replacement and renewal.

    Renewal levies extend a levy at its current effective millage rate, which includes discounts that Ohioans receive through House Bill 920. That law, passed in 1976, provides credits to ensure rising property values don’t automatically lead to tax increases.

    Replacement levies, on the other hand, replace an existing levy with updated property values − sometimes at the same tax rate. This allows local governments to collect more money from rising home values. For homeowners, it can lead to higher tax bills even if the rate didn’t change on paper.

    Supporters of House Bill 28 contend replacement levies mislead voters and add confusion to an already complicated property tax system. Leaders of municipalities, school districts and other taxing entities say these levies are a necessary tool, especially when they struggle to find other ways of funding local services.

    “These communities cannot afford to have vital funding mechanisms eliminated, particularly at a time when operating costs continue to rise and residents are increasingly cautious about approving new taxes,” Joe Kitchen, president of the Ohio Fire Chiefs’ Association, told a House committee.

    House Bill 28 now heads to the Senate.

    It remains to be seen what, if any, property tax relief the Legislature will send to Gov. Mike DeWine this session. Lawmakers have competing ideas and disagree over whether the state or local governments should bear most of the responsibility. Experts have also cautioned against overcorrecting the system and making matters worse.

    “This bill is more of the chainsaw approach,” Rep. Dan Troy, D-Willowick, said, “but I guess these days we are using chainsaws a little bit more.”

    Statehouse bureau reporter Jessie Balmert contributed.

    Haley BeMiller covers state government and politics for the USA TODAY Network Ohio Bureau, which serves the Columbus Dispatch, Cincinnati Enquirer, Akron Beacon Journal and 18 other affiliated news organizations across Ohio.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleStock picks by market experts: Recommended stocks to buy today
    Next Article Les actionnaires de Value and Indexed Property Income Trust approuvent la proposition relative au régime des FPI -Le 20 mars 2025 à 16:28

    Related Posts

    Property

    Higher mortgage rates inflict ‘pain’ on UK housing market

    October 7, 2026
    Property

    44% of UK homeowners research property moves in secret

    October 7, 2026
    Property

    UK property market warned over ‘gathering dark clouds’ as house prices stall

    October 7, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    China’s property problems weighs on growth

    January 19, 2015
    Bitcoin

    Bitcoin faisant face à la «gueule de bois» après la «plus grande pompe de l’histoire», dit Mike McGlone de Bloomberg

    April 14, 2025
    Bitcoin

    Bitcoin Price Drops Below $112,000 As Metaplanet Announces To Buy $11.7M Worth Of Bitcoin

    August 25, 2025
    What's Hot

    Global stocks rally, oil slides, amid hopes for Middle East peace deal progress By Investing.com

    May 25, 2026

    Stock Market LIVE Updates: Nifty at 25,100, Sensex up 180 pts; Saatvik Green, TCS, Lupin, Dr Reddy’s Lab gain

    October 8, 2025

    Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds

    April 4, 2026
    Most Popular

    Is Bitcoin Price Going To Crash Again After Losing $115K?

    August 1, 2025

    De la finance aux bijoux : Khaïden s’impose à Capbreton

    June 18, 2025

    Bitcoin (BTC) Dips Below $80K Amid Taiwan Tensions and Surging Inflation Data

    May 14, 2026
    Editor's Picks

    A Conversation With Bruce Barone Jr. Of BrainSprout

    February 26, 2026

    I’m a property expert – 7 key factors that have helped celebrities sell their homes & how to do it yourself on a budget

    May 17, 2025

    Bitgo introduit le support institutionnel pour SBTC, stimulant l’accessibilité de Bitcoin Defi

    April 23, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.