The homestead exemp- tion provides a reduction in property taxes to qualified senior or disabled citizens, or a surviving spouse, on the dwelling that is that. This is a property tax savings program for those aged 55 or older who are selling their home and buying another home.The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. To qualify for the homeowners' exemption, the home must have been the principal residence of the owner as of January 1 of that tax year. Depending on the state where you live, you may be eligible for a property tax exemption. Here are the general requirements. To claim the exemption, the homeowner must make a one-time filing with the county assessor where the property is located. A homestead exemption allows Ohioans who are considered lowincome, disabled, or are at least 65yearsold to reduce their property taxes. To ensure you qualify, be sure to click the link next to the summary to see your state's complete tax exemption requirements.
