The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. Though all property is assessed, not all of it is taxable.See a list of common property tax exemptions in New York State. 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 statewide program which reduces the property tax burden of qualified senior citizens and permanently and totally disabled homeowners. This amount is annually adjusted for inflation. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. I am 65 years of age and live in a mobile home that I own. Can I still qualify for this property tax credit? If so, you may be eligible to receive the homestead exemption to reduce your property taxes.
