S.B. No. 302 Summary

• Exempts the primary homestead owned and occupied by a disabled veteran from real property taxation.

• A disabled veteran qualifies based on written confirmation from the U.S. Department of Veterans Affairs showing disabled veteran status.

• The exemption applies to only one homestead per disabled veteran and continues to the surviving spouse if the veteran dies, until the spouse dies or remarries.

• For manufactured or mobile homes, disabled veterans receive a similar exemption from the manufactured home tax imposed under division (C) of section 4503.06 of the Revised Code.

• The amendments apply to tax year 2016 and thereafter for real property; tax year 2017 and thereafter for manufactured homes.