New Bill Would Cap Rate Of Property Tax Increases

(ONN) – A new Ohio bill would cap the rate at which property taxes increase each year.

Some Republicans at the Ohio Statehouse think they have a solution to increasing property taxes.

A new amendment being proposed to the Ohio Constitution would see property taxes capped at 4 percent per year.

The proposal still needs to make it through the House and the Senate, and then the Secretary of State before it is passed.