Legislators Float Tax Credit to Reduce Property Tax Burdens

08/09/2024

Last week, two bipartisan lawmakers at the Ohio Statehouse introduced a bill that would offer a tax credit for homeowners and renters whose property taxes or rent exceed a certain threshold in relation to income.

House Bill 435 is targeted at helping lower-income renters and owners, offering a $1,000 credit for households with resources of $60,000 or less. This then steps down $200 for every additional $10,000 a household makes and phases out at $100,000 of household income. 7/29/2024

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