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Sponsor urges rollback of property valuations to 2022 levels amid concerns over spikes
Summary
Representative Schmidt told the House Ways and Means Committee that rapid revaluations have sharply increased tax bills in parts of the state and described House Bill 89 as a "quick fix" to set valuations back to 2022 levels; committee members asked questions about consequences for levies and market effects.
Representative Katie Schmidt told the House Ways and Means Committee that House Bill 89 would reset property valuations to 2022 levels after recent reappraisals drove tax-assessed values sharply higher in many counties.
"Ohio has seen an unprecedented increase in property valuations in numerous counties across the state," Representative Schmidt said. She told the committee some valuations recommended by the Ohio Department of Taxation reached "more than 30%" and said, "In my own county of…
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