Sub. H.B. No. 344 Summary

• Eliminates replacement property tax levies by repealing section 5705.192 of the Revised Code, prohibiting taxing authorities from replacing existing levies with new levies at the same or higher rates after October 1, 2024.

• Restricts third-party complaint authority by preventing legislative authorities, mayors, and third-party complainants from filing original property tax complaints on property they do not own or lease unless specific conditions are met, including adoption of a public resolution and proper notice to property owners.

• Establishes filing threshold adjustments for property tax complaints, setting the initial threshold at $500,000 for tax year 2022 and requiring annual adjustments based on gross domestic product deflator changes.

• Imposes penalties for non-compliance requiring political subdivisions to pay property owners' attorney fees and costs if complaints are dismissed for failure to comply with notice and resolution requirements under divisions (A)(6) to (8) of section 5715.19.

• Bars third-party appeals by prohibiting third-party complainants from appealing board of revision decisions, limiting appeals to authorized property owners, taxing authorities, and county officials.