Property tax reform bill described as ‘draconian’ likely doomed The House Ways and Means Committee held a second round of testimony on House Bill 335 Wednesday with one lone supporter, four “interested parties” like former state tax commissioner Tom Zaino
House Bill 335 – Property Tax Relief NOW Act Frequently Asked Questions . . . Unlike Previous Tax Relief: Past constitutional tax relief (like the 2 5% homestead rollback) applied the same percentage to all qualifying properties HB 335 creates shifting, unequal treatment where property owners can be “in” or “out” of the benefited class depending on factors beyond their control
Peterson votes for property tax relief package; bills head to governor House Bill 335 Focused on “inside millage,” HB 335 caps collection increases to the rate of inflation The bill requires county budget commissions to adjust the rate of each inside millage levy so growth does not exceed the sum of the previous three years of inflation during sexennial reappraisals or triennial updates
Impact of the Proposed Elimination of Inside Millage Under HB 335, only townships would retain their inside millage The Ohio Legislative Service Commission (LSC) has released a preliminary analysis of the impact of the repeal of inside millage on the various types of local government in Ohio