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Sponsors outline broad property tax relief plan tied to 20-mill floor; committee holds first hearing
Summary
Senate Bill 66 seeks to broaden the effective tax floor to limit sudden property tax increases by including unvoted millage and school district income taxes; sponsors cited Tax Foundation and LSC data on high statewide property tax burden. The committee held a first hearing and did not vote.
Senators O'Brien and Lang presented sponsor testimony on Senate Bill 66, a proposal to address steep property tax increases linked to rising property valuations and the limitation known as the 20-mill floor.
O'Brien told the Senate Ways and Means Committee that property valuations are "exploding" across Ohio and said valuation-driven tax increases have become unsustainable for many homeowners. He cited Legislative Service Commission and…
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