The Homestead Exemption allows for senior citizens and disabled homeowners to reduce their property tax bills by exempting $25,000 of the market value of their homes from local property tax.
How do you know if you qualify?
The applicant must be 65 years or older. It doesn’t matter what date you turn 65, as long as it is sometime in the year.
Applicants that have been certified as permanently and totally disabled, as of the first day of the year of application, by an agency that has this authority.
You must own and occupy your home or mobile home by January 1st of the application year.
New Homestead applicants are subject to an income means test. Applicants for the 2022 tax year must have a total household adjusted gross income of $34,600 or less. This amount is derived from line 3 of your 2021 State of Ohio income tax return + any business income from Schedule A line 11 of Ohio IT 1040.
Applicants turning 65 in 2023 would need to meet the income requirement based on Ohio Modified adjusted gross income from their 2022 State of Ohio income tax return (line 3) + any business income from Schedule A line 11 of Ohio IT 1040. This amount must be under $36,100 for household combined to qualify.
When is the deadline for me to file?
Homestead applications for real estate and manufactured homes are accepted until December 31st for the year you are applying for.