Summary
Ohio's task force on property taxes proposed 20 recommendations to address high property tax bills but did not agree on a single solution. This working group, created by Governor Mike DeWine, aims to help Ohio homeowners without affecting funding for public services. Ohio has seen property values and corresponding taxes rise significantly in recent years.
Key Facts
- The task force was set up by Ohio's Governor Mike DeWine to tackle high property taxes.
- The group suggested 20 recommendations but did not settle on one solution.
- Governor DeWine vetoed 67 provisions for immediate property tax relief in June.
- Ohio ranks eighth in the U.S. for property tax burden, while it ranks 40th for median household income.
- Property values in Ohio have risen steeply, with the median home price increasing to $271,700.
- Recommendations include refining county budget commissions and limiting carry-over balances.
- Suggestions also involve closing loopholes, supporting property tax reduction bills, and improving levy transparency.
