Property taxes are complicated to understand, but this explainer walks through how they're calculated and why lawmakers want to change the formula.       

Topics:  lawmakers   property taxes   
BING NEWS:
  • Bipartisan bill would provide a property tax circuit breaker for Ohioans
    A newly introduced bipartisan bill is the latest attempt by the statehouse to mitigate the effect of rising home values ... “property tax circuit breaker,” the bill would trigger a tax credit based on ...
    05/17/2024 - 5:07 am | View Link
  • City official pens letter asking DeWine for property tax freeze
    The letter appeals to DeWine and the Ohio legislature and suggests the freeze should stay in place 'until a permanent fix to the property tax system is developed.' ...
    05/14/2024 - 6:40 am | View Link
  • Tired of being asked to approve Ohio school levies? Blame state law, some say
    Ohio House Bill 920 is a little-understood state law from 1976 that essentially locks many school districts’ tax levies in at the same rate as when they were passed. Schools say it's causing them to ...
    05/12/2024 - 11:05 pm | View Link
  • Ohio lawmakers discuss overhauling property tax system in light of massive value hike
    Local government officials last week told state lawmakers that restoring slashed state funding and reining in tax abatements would go a long way in addressing concerns about tax increases fueled by ...
    05/5/2024 - 9:00 pm | View Link
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