Ohio's Homestead Exemption protects the first $25,000 of your home's value from taxation. For example, if your home is worth $100,000, you will be taxed as if the home were worth $75,000. On average, those who qualify for the exemption save $400 a year.

The Owner Occupancy Credit is a program in the state of Ohio that allows property owners who live in their property to receive a 2.5% reduction credit on qualified levies and property taxes for their primary residence.

Homeowners over the age of 65: Must not have a total household income over $38,600/year if applying in 2024, or $40,000 if applying in 2025, which includes the Ohio adjusted gross income of the owner and the owner's spouse. Must be age 65 by December 31 of the calendar year for which the exemption is sought.

Keep in mind, your homestead exemption doesn't transfer— you must apply for homestead when you move to a new property. You apply for portability, or “port,” at the same time with a form called DR-501T.

Line 4: Enter income from any other sources not included above (income reported on Form(s) 1099-MISC, self-employment income, business income). Do NOT include any Social Security benefits as they are not taxable in Ohio.

To apply, complete the application form (DTE 105A, Homestead Exemption Application Form for Senior Citizens, Disabled Persons, and Surviving Spouses), then file it with your local county auditor. The form is available on the Department of Taxation's website and is also available from county auditors.

Who is eligible for the Homestead Exemption program? Those eligible must be 65 years of age or older or be permanently or totally disabled, meet annual state set income requirements, and own the home where they live as of January 1st or the year in which they apply.

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The homestead exemption allows lowincome senior citizens and permanently and totally disabled Ohioans, to reduce their property tax bills. FOR COUNTY AUDITOR'S USE ONLY: Taxing district and parcel or registration number.Auditor's application number. This is a statewide program which reduces the property tax burden of qualified senior citizens and permanently and totally disabled homeowners. What do I bring with me to apply for the Homestead Exemption Program? Are there other requirements? 1. The applicant's name must appear on the deed to the property. Show All Answers. 1. (1) You must occupy your home as of January 1 of the filing year. (2) Your name must appear on the deed or title of the property where you live.

Homestead Act Information With One Another In Ohio

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