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New Bill Seeks to Increase Property Tax Exemptions for Veterans

Jason Stephens speaks at a podium.
State Rep. Jason Stephens (R-Kitts Hill) hopes his bill will lessen the burden of property taxes for low-income and disabled veterans.

About 800,000 Ohioans take advantage of the homestead exemption credit that reduces their property tax burden. There’s a bill that would reduce it even further for low-income and disabled veterans.

State Rep. Jason Stephens (R-Kitts Hill) says inflation is one of the biggest enemies of those who live on a fixed income. "And the current homestead exemption does not take into account the cost of inflation," Stephens said. 

Current law exempts the first $25,000 of a home’s value from property tax – saving people an average of $440. Stephens says his bill would increase that amount every year for low-income and disabled veterans. "This will be done at the rate of inflation in the same manner as the inflation rate is calculated for the income eligibility."

Stephens says his bill would not restore the homestead exemption for all seniors. Seniors have been means- tested since 2014 but homeowners who qualified before then still do.

Jo Ingles is a professional journalist who covers politics and Ohio government for the Ohio Public Radio and Television for the Ohio Public Radio and Television Statehouse News Bureau. She reports on issues of importance to Ohioans including education, legislation, politics, and life and death issues such as capital punishment. Jo started her career in Louisville, Kentucky in the mid 80’s when she helped produce a televised presidential debate for ABC News, worked for a creative services company and served as a general assignment report for a commercial radio station. In 1989, she returned back to her native Ohio to work at the WOSU Stations in Columbus where she began a long resume in public radio.