Temporarily increase the amount of the homestead exemptions

SB 356 temporarily doubles the property tax reduction for Ohio homeowners with homestead exemptions during the 2026 tax year. It directly affects homeowners who qualify for homestead exemptions by applying the increased reduction entirely to their second-half tax bill. The bill achieves this by multiplying the standard exemption amount by two, without increasing the total tax relief allowed under existing law. This emergency measure aims to provide immediate tax relief to vulnerable Ohio taxpayers.