Ohio Senate Bill 92 would eliminate property taxes for veterans with a 100% disability rating, but according to an Op-Ed in the Dayton Daily News by Bernard Mutz (U.S. Air Force Major, retired), at this point the bill will not move forward in the Ohio Senate because it is stuck in committee. This means the Ohio Senate will not even have the opportunity to vote on the bill this session.
Several other states have passed bills either completely eliminating property taxes for 100% disabled veterans or providing some sort of property tax relief. Proponents, such as Senate Bill 92 sponsor Tom Patton, argue that it will significantly reduce financial difficulties that many 100% disabled veterans must contend with. Under the bill, local governments would also be reimbursed by the state so they do not lose tax revenue.
The bill is not without its critics, however. It has been pointed out that a homestead exemption for disabled veterans already exists in Ohio, but the existing law only exempts $52,300 of value from a home. Senate Bill 92 would provide a complete exemption, but with no income threshold for qualifying, extremely wealthy disabled veterans could avoid paying property taxes on lavish properties. This means the bill would disproportionately benefit wealthy veterans, which runs contrary to the original intention of the homestead exemption to benefit those in need.
At the moment, Senate Bill 92 does not look like it will make its way out of committee, but advocates of the bill are attempting to place pressure of Ways and Means Committee Chairman Louis Blessing to advance the bill for a vote. |