Ohioans could saved hundreds under new property tax reform bill

OHIO — A sweeping new property tax reform bill at the Ohio Statehouse is drawing both praise and concern as lawmakers consider major changes aimed at easing the tax burden on residents.

House Bill 335, sponsored by Rep. David Thomas (R-Jefferson), proposes $3.5 billion in property tax relief for Ohioans.

The bill consolidates several reform ideas into a single package and is projected to save the average homeowner more than $850 per year starting in January 2026—if it passes before the legislature adjourns for summer at the end of June.

Among its key provisions, the bill would limit school funding increases to the rate of inflation unless approved by voters, abolish inside millage for cities, villages, and counties, and grant local governments more authority to oversee property tax decisions.

HB 335 is being considered alongside broader state budget negotiations, which also include proposals for a flat income tax rate.

Lawmakers in the House and Senate are currently working to finalize the budget, with a vote expected by the end of next week.