OH HB273

Restricts the 10% nonbusiness property tax rollback (Section 319.302) to apply only to farming property, removing eligibility for residential properties such as single-family, two-family, and three-family dwellings

Changes the owner-occupancy rollback formula from a flat 2.5% reduction to $75 plus 12.5% of taxes levied by qualifying levies on homesteads

Removes manufactured and mobile homes taxed under Section 4503.06(D)(2) from eligibility for the 10% nonbusiness property tax rollback under Section 319.302

Applies to real property tax list for tax years ending on or after the effective date and manufactured home tax list for tax years beginning on or after the effective date