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Prop operty T Tax R Res esearch ch & & Prop oposal November 21 st , 2019 Process Top O Options ns I Identified Freezes Exemption/Deduction Property Tax Discount Tax Credit Deferrals Freez eezes es 1 2


  1. Prop operty T Tax R Res esearch ch & & Prop oposal November 21 st , 2019

  2. Process

  3. Top O Options ns I Identified  Freezes  Exemption/Deduction  Property Tax Discount  Tax Credit  Deferrals

  4. Freez eezes es 1 2 Freezing the Freezing the taxable value of the amount of taxes property owed

  5. Freez eezes es Unaffordable Minimal Taxes will be Changes in Still be Property Taxes Unaffordable

  6. Exemption/ n/Deduction Shield some of the market value of a home by decreasing a property’s taxable value

  7. Exemption/ n/Deduction May Bring Taxes Other Taxpayers Down to an May Pick up the Affordable Level Burden

  8. Prop operty T Tax D Discou count Discounted property taxes based on income 30% 100%

  9. Prop operty T Tax D Discou count Other Taxpayers Straightforward May Pick up the Approach Burden

  10. Tax Cr Credit Reduce an individual’s property tax bill by a certain amount Tax credit is determined by income

  11. Tax Cr Credit Not a Large Enough Credits are a Credit to Help the Straightforward Senior Approach

  12. Defer erral Results on a lien Postpone paying on the property property taxes

  13. Defer erral Some Interest Government Rates May be Receives Taxes Excessive Eventually

  14. Our P Prop oposal “Deferral of property taxes for eligible participants with 3% accrual until repayment is completed. Deferrals must be repaid when the home is sold , participant passes away , or the home is no longer used as the primary residence .”

  15. Our P Prop oposal  Own and Occupy Property  Primary Residence for the Past 10 Years  Meet the Requirements of the State of Ohio Homestead Exemption  Maximum Income: $32,800

  16. Thank Y k You! Any Questions?

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