Applicants must file a Form PTAX-341, Application for Returning Veterans' Homestead Exemption, with the Chief County Assessment Office. The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills.How do I apply for the homestead exemption? A General Homestead Exemption is given to owneroccupied residential property. This exemption equals the increase in the equalized assessed value. For tax year 2024 and thereafter, an Illinois property tax homestead exemption is created for eligible property. Disabled applicants must complete form DTE 105E,.

Homestead Act For Ohio In Illinois

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