Ohio2026Passed Legislature

HB103

HB103: Increase Homestead Exemption Amounts and Income Limits

Last scannedAug 25, 2026, 4:32 AM

In one sentence

This bill increases the amount of home value used to calculate property tax reductions for eligible Ohio residents, including seniors, disabled persons, veterans, and certain surviving spouses.

Increases the base dollar amount used in homestead exemption calculations from $25,000 to $50,000 of true value for most qualifying homeowners.
Raises the total annual income limit for new applicants seeking a tax reduction based on age or disability to $45,000.
Requires the Tax Commissioner to adjust these dollar amounts each year based on changes in the gross domestic product deflator.
Sets the base amount at $50,000 of true value for disabled veterans and surviving spouses of public service officers killed in duty.

People who are sixty-five years old or older
People who are permanently and totally disabled
Surviving spouses of deceased persons who were elderly, disabled, disabled veterans, or public service officers killed on the job

The bill does not state the exact date it will take effect or which specific tax year these new numbers apply to first.
Tax reductions do not cover special assessments levied against a property, only standard real estate taxes.
The provided text is truncated and may not include all details about how final adjustments are applied.

Plain language

Homestead exemption: A rule that lowers property taxes by removing a specific dollar amount from the value of a home used as a primary residence.
Gross domestic product deflator: An economic measure used to track inflation and adjust tax limits for changes in prices over time.

Official record

Source attached

Increase the homestead exemption amount and income limit

Official activity