The Ohio property tax reform group set up by Gov. Mike DeWine is racing toward a Sept. 30 deadline.
Franklin County Auditor Michael Stinziano and Edward Stockhausen from Cleveland Neighborhood Progress think abatements offer a familiar model that could be retooled to deliver targeted property tax relief.
The idea, known as Residential Stability Zones, is laid out in Ohio Senate Bill 42.
Eligible homeowners get a partial tax exemption equal to the increase in their home’s assessed value — essentially holding them harmless as their home value rises.
The key, Stockhausen said, is determining who’s eligible. Read more at Ohio Capital Journal.