State Senator introduces bill that would provide property tax relief to seniors
According to a news release, State Senator Al Cutrona (R-Canfield) has introduced a new bill that could authorize a property tax reduction for certain owner-occupied homes.
The introduced bill, Senate Bill 206, would provide a 50 percent reduction in property taxes for a homeowner who is 65-years-old or older during each year that they apply for the reduction.
The bill does not require an income threshold to be met in order for a homeowner to qualify.
"Providing property tax relief for older Ohioans decreases the stress places on homeowners and allows our neighbors to stay in the communities they've invested so much into," said Sentator Cutrona.
Cutrona continued," Increased tax rates have the greatest negative impact on older citizens and those on a fixed income by taxing them out of their own home. With a higher than average elderly population, I have seen this occur across the 33rd district. I'm proud to introduce legislation that will combat rising taxes and allow Ohioans across the Valley and Eastern Ohio the ability to keep living the American dream of home ownership."
The bill is currently waiting to be assigned to a committee for hearings.
