Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Representatives Seagrest and Hoops propose residential stability zones to limit property tax hikes for long‑time homeowners
Summary
Sponsor testimony on HB 598 outlined a locally controlled residential stability zone (RSZ) framework that would allow targeted, temporary limits on property tax increases for eligible homeowners (80% AMI cap; age-based continuation; 10-year zone cap); committee members pressed sponsors on age thresholds, school revenue impacts and geographic scope.
Representatives Seagrest and Hoops testified before the Ohio House Ways and Means Committee in favor of House Bill 598, a measure authorizing counties, municipalities and limited home‑rule townships to create "residential stability zones" that temporarily limit increases in assessed value for qualifying homeowners.
Seagrest, a committee member, said the RSZ is intended as a local tool and noted the bill is a companion to Senate Bill 42. He described the basic mechanics: “Under the RSZ, inside the 20 or inside the mill floor millage would be forgone, while outside millage would equalize up in levies,” and local governments could decide the zones’ location, duration and the generosity of any exemption. Hoops added, “House Bill 598 does not mandate a tax exemption,” and described eligibility limits and enforcement safeguards.
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
