Ohio House Bill 365 enacts Property Tax Refund Act to provide refundable income tax credits and rebates for homeowners and renters

Original title: Enact the Property Tax Refund Act

Last action · June 18, 2025: Referred to Ways and MeansSponsors: Sean Brennan and 19 others

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What This Bill Would Do

Ohio House Bill 365 establishes a refundable income tax credit or rebate for homeowners and renters whose property taxes or rent-equivalent taxes exceed 5% of their . The measure applies to individuals whose total household resources do not exceed $100,000, with credit or rebate amounts scaled on a sliding scale up to $1,000 depending on household income tiers. Eligible claimants must have occupied a qualifying homestead as an owner or lessee for at least six months of the .

Why it matters

Low- and middle-income Ohio homeowners and renters spending more than 5% of their resources on property taxes or rent can receive direct state financial relief through tax credits or cash rebates.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Homeowners

Homeowners whose property taxes exceed five per cent of household resources may receive a refundable income tax credit or rebate.

Directly affected

Renters

Renters whose rent-equivalent taxes exceed five per cent of household resources may receive a refundable income tax credit or rebate.

Directly affected

Tax Commissioner

The tax commissioner is required to prescribe forms, establish application deadlines, publish home value and rent limits, and make annual inflation adjustments.

Key Facts

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Frequently Asked Questions

Who qualifies for the property tax refund credit or rebate under HB 365?

Individuals who have occupied a qualifying homestead as an owner or lessee for at least six months of the , whose do not exceed $100,000, and whose property taxes or rent-equivalent taxes exceed five per cent of their total household resources.

How is rent converted into property tax equivalent for renters?

is calculated as fifteen per cent of the gross rent paid during the by a lessee for the right to occupy a homestead pursuant to an arm's length transaction.

What is the maximum credit or rebate available?

For the first , the maximum credit or rebate is $1,000 for households with total resources of $60,000 or less, and scales down to $200 for households with resources between $90,000 and $100,000.

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

2 actions

Jun 18, 2025HouseCommittee
Referred to Ways and Means
Jun 17, 2025HouseIntroduced
Introduced

Version history

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