Save Money on Your Property Taxes with Ohio’s Homestead Exemption

By Jim Hess, CEO, CPA

February 10, 2016

Every year, many of Ohio’s senior citizens and permanently and totally disabled Ohioans save an average of $435 on their property taxes by way of the Homestead Exemption. Sometimes younger, surviving spouses also may qualify. The exemption is not available to everyone, but well worth checking into if you think you may qualify.

We’ve answered a few of the most common questions below. We also included a few links for more information.

What is the Homestead Exemption?

It allows property owners to shield part of the value of their home from property taxes.

Who qualifies for this Exemption?

Residents of the State of Ohio who are also age 65 and meet the income threshold OR individuals who are completely and permanently disabled.

What is the income threshold to qualify?

$31,000 per year for tax year 2015 and $31,500 for tax year 2016.

How much tax relief could I receive?

You may receive a credit to exempt up to $25,000 of the market value of your home from all local property taxes. The actual dollar amount of savings will be determined by the rate of your property tax and the remaining value of your home.

Is there a filing deadline?

Yes – you may apply between January 1st and June 1st of the year you become eligible to claim the exemption for that tax year.

How to do I apply?

Click here to go the Ohio Department of Taxation’s website and view their FAQ page on the Homestead Exemption.

Under question #6 there is a link to the application form titled DTE 105A, Homestead Exemption Application Form for Senior Citizens, Disabled Persons, and Surviving Spouses.

If you think you qualify, you can print the form from their website, complete it, then either mail it to or drop it off at your county auditor’s office. For their address/location, the website also provides a link to a directory of all Ohio county auditors. Once received, the auditor will review your application and verify the details. If you qualify, they will notify you by mail.

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