Ohio2026Passed Legislature

HB143

Property Tax Exemption for Long-Term Homeowners

Last scannedAug 25, 2026, 4:32 AM

In one sentence

This bill creates an option to reduce property taxes on $56,000 of a home's value for eligible homeowners who have continuously owned and lived in their home for at least twenty years.

Allows certain long-term homeowners to claim a tax reduction based on $56,000 of the true value of their property instead of lower amounts available under other rules.
Requires applicants to have continuously owned and occupied their home for at least twenty years before they can use this specific exemption.
Limits eligibility for this new option to people who meet age or disability requirements AND whose total income is below a set limit that adjusts annually.

Homeowners aged 65 and older with low incomes who have lived in their home for at least twenty years.
Permanently disabled homeowners with low incomes who have lived in their home for at least twenty years.
Surviving spouses of eligible persons (aged 59 to under 65) with low incomes who have continuously occupied the home.

This new reduction is only available if a person has continuously owned and occupied their home for twenty years without interruption.
People must choose between this long-term exemption or other existing tax reductions; they cannot use both at the same time.

Plain language

Homestead: A home that a person owns and lives in as their main residence, or a unit they occupy in a housing cooperative.
True value of the property: The actual market worth of the house used to calculate tax reductions before other adjustments are applied.

Official record

Source attached

Authorize property tax exemption for certain long-term homeowners

Official activity