Ohio Homestead Exemption

Ohio Homestead Exemption

Ohio Homestead Exemption - Last year, Governor Ted Strickland signed into law a new, expanded homestead exemption that provides additional property tax relief to qualified senior citizens and permanently and totally disabled Ohioans.

Ohio Homestead Exemption - Previously

Previously, most senior citizens and disabled Ohioans were excluded from the Homestead Exemption because of income tests. The new exemption offers eligible homeowners, regardless of income, the opportunity to shield up to $25,000 of the market value of their homestead (a dwelling and up to one acre of land) from property taxation. For example, if a home is valued at $100,000, the property tax will generally be billed as if the home were valued at $75,000.

Seniors and disabled Ohioans who weren’t previously eligible must apply with their local county auditor in order to take advantage of the homestead exemption, which saves the typical homeowner about $400 per year. This year, county auditors will be accepting applications from Jan. 8 through June 2, 2008.

Ohio Homestead Exemption Conditions

The new homestead exemption is available to all homeowners 65 and older and all totally and permanently disabled homeowners.

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