Legislation to Freeze Property Taxes for Eligible Ohio Senior Citizens Introduced by Reps. Isaacsohn & Hall
COLUMBUS – Rep. Dani Isaacsohn (D- Cincinnati) and Rep. Thomas Hall (R- Madison Twp.) today announced that they have introduced a bill that would provide much-needed property tax relief for middle and low-income senior citizens. This bill would freeze the property taxes for certain owner-occupied homes.
“Ohio seniors deserve to grow older with dignity, which means being able to stay in their homes and communities as long as they choose. This legislation is a major step toward achieving that goal, because it will help older Ohioans maintain homeownership and pass on generational wealth. We owe it to our seniors to make this the best state in the country to grow older,” said Rep. Isaacsohn.
“Our seniors have made our communities what they are today, and now, it is our turn to give back to them,” said Rep. Hall. “The 70/70 Plan will help Ohio seniors maintain financial stability and remain comfortable in their homes without fear of losing them or questioning how they will pay for other basic necessities.”
Those who would be eligible for tax relief under this legislation include individuals who have owned their home for 10 years or more, have an annual income of $70,000 or less, and are at least 70 years of age. These Ohioans often live on a fixed income and cannot afford any unexpected increases in their taxes, especially with rising healthcare costs and other essential expenses.
With this bill, Ohio is making important strides to becoming a state that supports those who need it most, so that everyone has the opportunity to thrive and build wealth.