Robert M. Smyth Tax Planning Law Blog on Lawyers.com

Ohio Homestead Exemption Update

Thursday, December 3, 2009 by Robert M. Smyth

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Ohio's Homestead Exemption allows senior citizens and permanently and totally disabled Ohioans to reduce their property tax burden by shielding some of the market value of their home from taxation. All households who qualify for the homestead exemption now receive a flat $25,000 property tax exemption on the market value of their homestead.

To qualify, you must be an Ohio resident homeowner who owns and occupies a home as their principal place of residence as of January 1 of the year they apply and meets one of the following criteria:
  • Is at least 65 years old or turns 65 in the year they apply ; or
  • Is totally and permanently disabled as of Jan. 1 of the year they apply, as certified by a licensed physician or psychologist, or a state or federal agency; or
  • Is the surviving spouse of a person who was receiving the previous homestead exemption at the time of death and where the surviving spouse was at least 59 years old on the date of death.

To apply, complete an 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 application deadline for Hamilton County was June 1, 2009.

Please visit our website www.drewlaw.com for more information.

 
Posted at 15:13 PM
Topic: Tax Planning
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