OH HB254

Expands homestead property tax exemptions for disabled veterans by creating three tier levels based on disability rating: 100% exemption for total disability ratings, 50% exemptions for 70%+ disability ratings, and 55% exemptions for other disabled veterans.

Changes disabled veteran tax reduction calculations from a fixed dollar amount to a percentage-based formula using $55,000 of true property value multiplied by assessment percentage, effective tax rate, and other factors.

Extends tax reduction eligibility to surviving spouses of disabled veterans who occupied the homestead when the veteran died, continuing through the year the surviving spouse dies or remarries.

Applies amendments to real property tax reductions under sections 323.151-323.153 starting in tax year 2023, and to manufactured home tax reductions under sections 4503.065-4503.066 starting in tax year 2024.

Requires disabled veteran tax reduction applications to be accompanied by written confirmation from the U.S. Department of Veterans Affairs showing the veteran's disability rating.