Homestead Exemption and Owner Occupancy Credit
The Homestead Exemption
The Homestead Exemption is a property tax reduction available by application to seniors (age 65 or older) and the disabled (permanent/total). In 1970, Ohio voters approved a constitutional amendment permitting this exemption that reduced property taxes for eligible lower income home owners. In 2007, the General Assembly expanded the program to include all seniors, regardless of income. In 2013, the General Assembly again applied an income limit to determine those eligible. However, homeowners enrolled in the program for tax year 2013 (2014 for manufactured homes) remain exempt from income verification even if they move and owner-occupy another home in Ohio.
In 2015, 100% disabled Veterans, regardless of income, qualified for up to twice the savings. New in 2016, disabled Veterans that have a total (100%) disability rating for compensation by the VA may qualify for the double benefit.
Read more details by clicking on the Who Qualifies and Disabled Veterans links at left. Application forms are also available at left.
Owner Occupancy Credit
To receive up to a 2.5% tax reduction on an owner-occupied home in Ohio, you must own and occupy that home as your principal place of residence (domicile) on January 1 of the year you file for the reduction. A homeowner and spouse are entitled to this credit on only one home.