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. The Department of Revenue (DOR) has created this fact sheet to provide general information about local property tax exemptions for seniors.The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. The property tax is the linchpin of independent local government in the United States and offers key strengths as a local revenue source. A circuit breaker reduces property taxes in excess of a threshold percentage of a taxpayer's income. Are there any tax breaks for older Ohio residents? Depending on the state you live in and often once you hit your 60s (usually around the ages of 61 to 65), you may be eligible for a property tax exemption. A widow(er)'s exemption is one of several forms of state or federal tax relief available to a surviving spouse in the period following their spouse's death.
