OH HB143

Creates an enhanced homestead exemption for homeowners age 65+ or permanently disabled who have continuously owned and occupied their home for 20+ years, with a $56,000 true value reduction (compared to $25,000 for the standard exemption)

Requires applicants to have total income not exceeding $30,000 (as adjusted annually for inflation) to qualify for the enhanced exemption

Extends the enhanced exemption to surviving spouses of qualifying homeowners who occupied the home when the deceased spouse died and meet the income threshold

Applies the enhanced exemption to both real property and manufactured/mobile homes, with the reduction calculated using the same formulas as existing homestead exemptions

Amends Ohio Revised Code sections 323.152, 323.153, 4503.065, and 4503.066, with the changes applying to tax years ending on or after the effective date