OH SB127

Creates property tax and manufactured home tax reduction for parents of homeschooled children equal to school district taxes levied on their homestead, effective for tax year 2014 and beyond.

Defines "home school parent" as parent of a child of compulsory school age who receives home instruction from a qualified teacher and is excused from school attendance by the school district superintendent.

Reduction amount equals the product of the school district's effective tax rate on residential/agricultural property multiplied by the homestead's taxable value, with proportional reduction if any portion is used for business purposes.

Requires homeschool parents to file application with county auditor between first Monday in January and first Monday in June; applications for real property taxes due same year, manufactured home taxes due prior year.

Authorizes county auditor to approve or deny applications and notify applicants by first Monday in October; allows appeals to county board of revision; spouse of approved applicant cannot receive separate reduction for different homestead same tax year.