Property tax bill would give $3.5 billion in relief, but would come at a cost for schools

Ohio lawmakers proposed a property tax reform plan offering $3.5 billion in relief to homeowners by limiting school districts' revenue from rising home values without voter approval. Schools warn the bill could cut $1.5 billion from their funding, worsening financial challenges. Supporters suggest schools seek voter approval or consider cost-saving measures. Meanwhile, a separate group aims to place a property tax elimination measure on the November ballot.