Property-tax credit now offered to 500,000 more
Starting on 2 July, all homeowners 65 or older or permanently disabled will be able to apply for an expanded property-tax cut included in the new state budget.
Applications for the expanded Homestead Exemption program must reach a county auditor’s office by Oct. 1 to get a credit on 2008 tax bills, officials said last week.
Previously, only those seniors or disabled homeowners whose annual household income didn’t exceed certain limits — $26,200 in 2006 — qualified for the credit.
But under a plan sought by Gov. Ted Strickland, the program now will allow all eligible Ohioans to exempt a flat $25,000 of the market value of their homes.
That means an estimated 750,000 Ohioans - one in four homeowners in the state - will qualify, compared with about 220,000 last year.
The exact savings will vary, but state officials say the average will be about $400 a year. Those living in the Columbus school district, for example, would save $382 a year.
Applications are available on the Ohio Department of Taxation’s Web site at www.tax.ohio.gov or at any county auditor’s office. Those who already are receiving the existing exemption do not have to apply.
Comments
Please forward to me the forms needed to apply for the new homestead exemption. My address is:
Robert Kross
1795 Needmore Rd.
Xenia, Ohio 45385
Applications are available on the Ohio Department of Taxation’s Web site at http://tax.ohio.gov/ or at any county auditor’s office.
For additional information, contact your local county auditor or the Ohio Department of Taxation at (800) 282-1780.
If the house is in both names of the husband and wife, do they both have to be 65 to receive the property tax cut or just one of them?
Leave a comment
Related posts:
- About 482,000 More Homeowners Have Applied for Property Tax Relief; Tax Commissioner: Deadline is Oct. 1
COLUMBUS, September 17, 2007 - Time is running out to sign up for the newly-expanded homestead exemption, which offers more than a half million additional senior citizens and disabled Ohioans hundreds of dollars of property tax savings starting with taxes paid next year. Tax Commissioner Richard A. Levin said today that county auditors must receive homestead exemption applications by Oct....
- Property Tax Relief for Senior Citizens and the Disabled
Governor Ted Strickland has signed into law a new, expanded Homestead Exemption that will provide additional property tax relief to qualified senior citizens and permanently and totally disabled Ohioans. Previously, most senior citizens and disabled Ohioans were excluded from the Homestead Exemption because of income tests. The new exemption offers eligible homeowners, regardless of income, the opportunity to shield up...
- Over 368,000 Ohioans Have Applied for Property Tax Relief
With the deadline more than a month away, more than 368,000 senior citizens and disabled homeowners across Ohio have already applied for the newly-expanded homestead exemption, the Ohio Department of Taxation announced Thursday, Aug. 23. The number of new homestead applications was compiled by the Department of Taxation through a quick survey of Ohio’s county auditors as of Friday, Aug....
- Approximately 788,000 Homeowners In Line to Receive Property Tax Relief
Columbus, October 25, 2007 – Governor Ted Strickland today announced that about 566,000 additional homeowners applied for the newly-expanded homestead exemption during a special sign up period earlier this year from July 2 to October 1. The result is that as many as 788,000 homeowners stand to receive hundreds of dollars worth of property tax relief on bills payable next...
- New Expanded Homestead Exemption
The Ohio General Assembly has enacted a new, expanded Homestead Exemption that will provide additional property tax relief to qualified senior citizens and permanently and totally disabled Ohioans. Previously, most senior citizens and disabled Ohioans were excluded from the Homestead Exemption because of income tests. The new exemption offers eligible homeowners, regardless of income, the opportunity to shield up to...
pls email me the new “Homestead Exemption” application form that Governor Strickland has just made available for property tax relief for senior citizens. Thank you to our new Governor!!!!!