Homestead Exemption Credit

House Bill 274 nearly doubles the state’s homestead exemption, expanding it to the first $50,000 of a home’s fair market value from about $26,200 under current law.

The bill would increase the amount of exemptions and expand income qualifications for the program.

About 800,000 Ohioans take advantage of the homestead exemption credit that reduces their property tax burden. Now, a bill has been introduced that...