✔️ HB28
Eliminate the authority to levy replacement property tax levies
Current Status: In Senate Committee (Ways and Means)
Summary
This bill eliminates the authority to levy replacement property tax levies in Ohio, amending various sections of the Revised Code and repealing section 5705.192. It affects local taxing authorities and their ability to replace existing tax levies, with the changes taking effect for elections held on or after October 1, 2025.
Rationale
The bill's elimination of replacement property tax levies may align with the Libertarian Party's emphasis on reducing government taxation and spending. The Libertarian Party of Ohio's platform supports limiting government overreach and taxation.
Risks and Concerns
- Potential loss of funding for essential local services
- Increased financial strain on local governments
- Possible negative impact on community programs reliant on property tax revenue