OH HB103

Increases the homestead exemption from $25,000 to $50,000 of a property's true value for eligible homeowners (persons 65+, permanently and totally disabled individuals, and qualifying surviving spouses)

Raises the income eligibility limit from $30,000 to $45,000 for new applicants who did not previously qualify under grandfathered provisions from tax years 2006, 2013, or 2014

Applies the same increased exemption amounts to manufactured and mobile home taxes under Section 4503.065

Real property tax changes take effect for tax year 2025; manufactured home tax changes take effect for tax year 2026

Income thresholds and exemption amounts will continue to be adjusted annually by the tax commissioner based on gross domestic product deflator increases