OH SB244

Authorizes local governments (townships, counties, municipal corporations) to create residential stability zones and offer partial property tax exemptions to qualifying homeowners in designated areas.

Establishes eligibility requirements including household income not exceeding 80% of area median income, minimum one-year ownership/occupancy, and asset ownership limitations.

Exemption applies to the percentage increase in assessed property value specified in the local resolution, up to a maximum 10-year duration with renewal options.

Homeowners age 60+ receive indefinite exemptions; other homeowners receive six-year terms with possible renewal as long as the zone remains active.

Creates enforcement provisions including false statement penalties, appeal procedures through county boards and courts, and procedures for reclaiming improperly exempted taxes with interest.