AI-assisted summary
The legislation aims to tie future property tax increases to the rate of inflation.
Lawmakers hope the bills will reduce support for a proposed constitutional amendment to eliminate property taxes entirely.
The bills would provide tax credits to homeowners and reimburse school districts for lost revenue.
Ohio would slash more than $2 billion in property taxes over the next three years under legislation approved by House lawmakers.
The Ohio House voted Oct. 22 to pass House Bill 186 and House Bill 335, which would tie future property tax hikes to inflation. The measures are the latest effort by state officials to appease frustrated homeowners who saw their tax bills soar in recent years.
Lawmakers are also trying to dampen enthusiasm for a proposed constitutiona