North Cincy News

State Rep. Jean Schmidt (R-Loveland) has introduced House Bill 402 in an effort to address the issue of rising property taxes in many Ohio counties. The legislation proposes a temporary freeze on property taxes at 2022 levels, allowing the Joint Committee on Property Tax Reform adequate time to develop long-term solutions.

Schmidt expressed her commitment to ensuring that Ohioans are able to maintain their homes and age in place. She stated, "This legislation aims to alleviate the inflated tax burdens that our citizens are facing."

The Joint Committee on Property Tax Review and Reform, which was established under the state's main operating budget last year, has the responsibility of reviewing Ohio's property tax system and providing recommendations to the General Assembly. Their objective is to address the existing property tax issues and find effective solutions.

House Bill 402 is currently awaiting a House committee assignment, where it will undergo further review and consideration.

The introduction of this legislation reflects the growing concern among Ohioans regarding the increasing property tax rates. It seeks to provide relief to homeowners who are facing significant financial burdens due to escalating property taxes.

In a statement, Schmidt emphasized the importance of finding a long-term solution to the property tax problem. She stated, "Our goal is to ensure that Ohioans can continue to reside in their homes without being burdened by excessive taxes. By freezing property taxes at 2022 levels, we can create a breathing space for the Joint Committee on Property Tax Reform to explore and propose effective reforms."

The temporary freeze on property taxes proposed in House Bill 402 will provide a much-needed respite for homeowners, allowing them to plan their finances and potentially prevent forced sales or foreclosures.

The Joint Committee on Property Tax Review and Reform plays a crucial role in addressing the complexities of Ohio's property tax system. By thoroughly examining the existing regulations and practices, the committee aims to develop comprehensive and sustainable solutions that will benefit all Ohioans.

The passing of House Bill 402 will mark a significant step towards achieving a fair and equitable property tax system in Ohio. It will provide relief to homeowners and ensure that they can continue to afford their homes without being burdened by skyrocketing taxes.

As House Bill 402 awaits a House committee assignment, Ohioans eagerly anticipate the outcome of this legislation. The freeze on property taxes is seen as a crucial first step towards resolving the escalating property tax issue and creating a more stable and predictable environment for homeowners across the state.