COLUMBUS, OH (WLIO) - Gov. Mike DeWine has signed five bills into law that are expected to reduce property taxes statewide by about $3 billion over the next several years.
DeWine signed the legislation on Wednesday following a yearlong effort by the Ohio General Assembly to address rising property taxes across the state.
Under the new laws, school districts at the 20-mill floor will have future tax increases capped at the rate of inflation. County budget commissions will also have expanded authority to reduce tax rates for local governments and school districts if commission members determine those entities are collecting more revenue than necessary.
Homeowners will also see changes to tax credits. The owner-occupied tax credit will increase from 2.5% to more than 15% over the next four years for those who own and live in their homes.
Ohioans could begin seeing lower property tax bills in the second half of 2026.
Democrats who oppose the bills argue the legislation does not adequately address the financial strain on local governments that rely on property tax revenue to fund essential services.
