COLUMBUS, Ohio ( WCMH ) — A new bipartisan bill aims to bring Ohioans some property tax relief.
House Bill 645 , sponsored by Representatives Dani Isaacsohn (D-Cincinnati) and Thomas Hall (R-Madison Twp.) creates a credit or rebate program for some renters and homeowners.
“The big idea here is that property taxes are way too high for way too many people,” Isaacsohn said.
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The rebate would be for renters or homeowners who are paying more than 5% of their income on property taxes.
“We are in a situation where actually, for a lot of people, we are taxing them out of their homes, particularly seniors,” Isaacsohn said. “So, this is a bill that would provide desperately needed relief to those homeowners and to renters who are paying too much of their income on property taxes.”
Households making up to $100,000 total are eligible to the rebate, here is the breakdown in the legislation:
- $60,000 or less is eligible for a $1,000 credit or rebate.
- More than $60,000 but not more than $70,000 is eligible for an $800 credit or rebate.
- More than $70,000 but not more than $80,000 is eligible for a $600 credit or rebate.
- More than $80,000 but not more than $90,000 is eligible for a $400 credit or rebate.
- More than $90,000 but not more than $100,000 is eligible for a $200 credit or rebate.