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Ramaswamy pledges property tax rollback if elected
Ramaswamy says his plan would expand starter-home construction and deliver broad property tax relief.
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Malvika Choudhary - Fri, 14, Aug 2026
- 17:10 EDT
- 40
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Vivek Ramaswamy / Courtesy photo
Ohio Republican gubernatorial candidate Vivek Ramaswamy pledged to roll back property taxes and ease restrictions on home construction, saying the measures would make housing more affordable for younger residents in the state.
In a video posted on social media, Ramaswamy said home prices in a central Ohio neighborhood he visited had more than doubled over the past decade, while property taxes had more than doubled in the last five years.
Also Read: Ramaswamy pledges free power near Ohio data centers
“That’s crazy and it’s unacceptable,” Ramaswamy said. “But I know how to fix it.”
Young people say it’s too hard to afford a home & they’re right. Here’s my plan to fix it. pic.twitter.com/hF4n575MHQ
— Vivek Ramaswamy (@VivekGRamaswamy) August 14, 2026
According to him,the key to lowering housing costs is increasing the supply of new homes. He blamed government regulations for preventing builders from constructing what he described as starter homes of about 1,500 to 2,000 square feet.
“The number one solution is to cut the red tape that gets in the way of new home construction,” he said.
He said increasing the availability of starter homes would help younger Ohioans who want to purchase homes and “get a head start on the American dream.”
The proposal is part of Ramaswamy’s broader campaign focus on reducing the cost of living in Ohio. He has previously called for eliminating the state income tax and has advocated rolling property taxes back to levels before the end of the COVID-19 pandemic.
Ramaswamy said he would reset the property tax base to where it stood before the end of the pandemic and blamed what he called “disastrous money printing policies” for driving up home prices and property taxes.
“That’s going to be the biggest property tax relief package in America,” he said.
His campaign plan says new construction would not be affected by the rollback and existing debt obligations would be honored. It also proposes limiting future growth in property taxes.
Ramaswamy said his goal is to lower both housing costs for younger Ohioans and the property tax burden for residents more broadly.
“I want to fight for you and I don’t just want to fight for you, I want to win for you,” he said. “Let’s get it done.”
The proposal comes as Ohio has experienced substantial increases in property valuations. A July analysis by the Ohio Education Policy Institute found statewide average reappraisal increases of 34.7 percent in 2023, 30.2 percent in 2024 and 26 percent in 2025. The institute described the recent increases as historically unusual.
However, the proposal has also drawn criticism over its potential effect on local government revenue. Innovation Ohio estimated that rolling property taxes back to 2021 levels would reduce local government revenue by about $4 billion annually at current values. The figure could rise to an estimated $6.6 billion annually by 2027, when a new governor would take office and could implement the policy.
The analysis estimated that about three-fifths of Ohio’s property tax revenue goes to local school districts. It projected that a rollback to 2021 levels could reduce school funding by about $2.4 billion annually at current values, rising to about $4 billion when the policy takes effect.
Ramaswamy will face Democratic nominee Amy Acton on Nov. 3.
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