OH HB335

County budget commissions must adjust inside millage levy rates during reappraisal or triennial update years so that revenue increases do not exceed an inflation factor based on the three-year change in the gross domestic product deflator

Revenue increases are capped by comparing current taxes charged and payable against base taxes from the prior year, with any excess requiring automatic rate reductions

Taxing units experiencing revenue decreases during reappraisals may request rate increases by November 1st, subject to county budget commission approval based on demonstrated need

Mills reduced under this provision cannot be reallocated to other taxing units, and the ten-mill limitation remains in effect

Applies to real property beginning tax year 2026 and manufactured/mobile homes beginning tax year 2027