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Ohio Senate committee hears officials warn midyear property-tax credit in House Bill 186 could cause confusion and shift school costs
Summary
County treasurers, school associations and the Fair School Funding group told the Senate Local Government Committee that the bill’s midyear credit and removal of a formula adjustment could create administrative burdens, disrupt escrow/prepayment systems, and shift costs from the state to local taxpayers without corrective formula changes.
COLUMBUS — County treasurers, career-technical educators and school finance advocates urged the Senate Local Government Committee on Thursday to address administrative, timing and funding risks in Substitute House Bill 186, the proposed property-tax reform that would apply a midyear credit and cap school revenue growth.
Catherine Kellich, incoming president of the County Treasurers Association of Ohio and Belmont County Treasurer, told the committee the bill’s proposed midyear credit would force counties to issue refunds or credits, create negative or conflicting balances on online systems and “greatly complicate” escrows and prepayment programs used by thousands of homeowners and mortgage servicers. “A midyear credit would severely disrupt these programs,” she said, urging that changes begin at the start of a tax year to avoid confusion and additional vendor costs.
Why it matters: The treasurers warned that the operational fallout could include increased vendor charges, reprinting bills, staff time to reissue statements and confusion for…
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