Ohio bill seeks to stop property tax hikes
When one goes to the polls, there are several different property tax levies they could see on their ballot. A “renewal levy” reinstates an already existing one, a “renewal with an increase,” reinstates an already existing one with an increase, and a “replacement” recalculates property taxes owed based on the latest valuation of one’s home, oftentimes resulting in an increase.
Source: wtrf.com