SB 180 Summary

• Removes the $30,000 income limit that previously restricted homestead exemption eligibility for elderly and disabled homeowners, allowing those with income at or above that threshold to qualify for tax reductions starting in 2013.

• Eliminates provisions requiring annual income threshold adjustments based on gross domestic product deflator calculations, simplifying the application process for homestead exemptions.

• Removes language requiring applicants to authorize tax commissioners and county auditors to examine financial records related to income verification for homestead exemption determinations.

• Extends homestead property tax reductions to elderly (65+) and permanently disabled homeowners retroactively for tax year 2013, with provisions for late applications to receive refunds of overpaid taxes.

• Applies the changes to all property taxes charged and payable after January 1, 2013, affecting both real property and manufactured/mobile home tax reductions under sections 323.151-323.159 and 4503.064-4503.069 of the Ohio Revised Code.