OH SB215

Expands homestead exemption eligibility from a fixed $30,000 income threshold to households with income at or below the 90th percentile of Ohio's household modified adjusted gross income

Replaces the fixed $25,000 property value exemption with a tiered percentage-based system: 20% exemption for incomes at or below 50th percentile, decreasing by 4% for each 10-percentile bracket up to 90th percentile (16% for 50-60%, 12% for 60-70%, 8% for 70-80%, 4% for 80-90%)

Increases the exemption for disabled veterans and surviving spouses of public service officers killed in line of duty from $50,000 to $104,600 of true property value, with annual inflation adjustments

Removes the assessment percentage multiplier from the general homestead exemption calculation formula while retaining it for disabled veteran exemptions

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