OH SB206

Homeowners age 65 or older would receive a 50% property tax reduction on their "expanded homestead," which includes the home and surrounding land beyond the standard one-acre homestead limitation

The new reduction applies to real property taxes after other existing reductions (such as the 2.5% homestead exemption and reductions for seniors, disabled persons, and veterans) have been calculated

Manufactured and mobile home owners age 65 or older would also qualify for a 50% reduction in manufactured home taxes under parallel provisions

Applications must be filed with the county auditor by December 31 of the year for which the reduction is sought, with continuing annual eligibility

The state would reimburse counties for the tax reductions, with funds distributed to local taxing districts as if the taxes had been collected