Targeting homestead exemption would save Ohio $118 million a year

Targeting the expansion of the property tax exemption proposed by Gov. Ted Strickland
would save the state at least $118 million a year, while directing the same or greater tax
reductions to low- and moderate-income Ohioans who most need property-tax cuts.
Those were among the conclusions of an analysis by the Institute on Taxation and
Economic Policy that was released today by Policy Matters Ohio.

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