
Tax Reduction
The Homestead Program is designed to provide tax credit relief to citizens who are at least 65 years of age or permanently and totally disabled.To qualify for the New Homestead Exemption, the following criteria must be met:
- You must be at least 65 years old during 2013, or be permanently and totally disabled, or be a 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.
- Disabled applicants must include a Certificate of Disability Form signed by a doctor or State or Federal Agency or have an awards letter from the Social Security Office.
- You must own and occupy your home as your principal place of residence as of January 1, 2013 for real property or January 1, 2014 for manufactured home property.
Owner Occupancy: Every property owner that resides in their own home is eligible for a 2.5% reduction on their property tax bill. Homeowners must make an application for this reduction. This is often taken care of at the time of transfer of real estate. To receive the two and one-half percent (2 1/2 %) homestead tax reduction, you must own and occupy your 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 homestead tax reduction on only one home in Ohio.
