Sign-on to Support Property Tax Relief in Ohio
Prior to the COVID-19 pandemic, several neighborhoods around the state were experiencing change, a rapid increase in property values, and increased tax burdens for homeowners, many of whom are low and moderate income. The pandemic has plunged thousands of Ohio homeowners into economic uncertainty, while housing values in these rapidly changing neighborhoods are still currently strong.
The Problem
• Increasing property taxes can lead to a higher risk of tax delinquency, tax foreclosure, or displacement.
• Unprecedented rates of unemployment and increasing housing costs have placed a disproportionate housing burden on low-income households.
The Solution
• Property tax relief - cap or limit annual property tax increases on low income homeowners.