Is there any type of property tax relief available to senior citizens?
(Return to questions list.) A. Yes. The homestead exemption allows residents who are age 65 or older, or totally and permanently disabled, to reduce their property tax burden by shielding some of the market value of their home from taxation. Previously, most senior citizens and disabled Ohioans were excluded from the Homestead Exemption because of income tests. The new exemption, which takes the form of a credit on property tax bills, offers eligible homeowners, regardless of income, the opportunity to shield up to $25,000 of the market value of their homestead (a dwelling and up to one acre of land) from property taxation. For example, if a home is valued at $100,000, the property tax will generally be billed as if the home were valued at $75,000. The exact amount of savings will vary from location to location, but overall, qualified homeowners should save an average of about $400 per year. Seniors and disabled Ohioans who weren’t previously eligible must apply with their local county
