Ohio's $3B Property Tax Overhaul: Homeowner Wins, School Funding Shifts
Cleveland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Ohios property tax overhaul, set to take effect this Friday, offers significant relief to homeowners with tax credits doubling and inflation-capped increases for those at the twenty-mill floor. However, landlords may face rent hikes as the non-business credit for rentals and commercial spaces is eliminated. Local governments non-voted millage growth is capped, potentially reducing revenue, while school funding rules shift, adding levies to the twenty-mill floor math starting tax year 2026.
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