HB 187 would require the commissioner, in conjunction with county auditors, to use a three-year average of home sales data to reassess local property taxes until the next mandated property valuation in 2026.
State lawmakers responded to the rise in property values - and expected rise in taxes - with HB 187, also known as the “Ohio Homeowners Relief Act.”Īt present, the state tax commissioner recommends property value increases based on one year of home sales data.
