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News Release

January 8, 2008 - Homestead Exemption Applications Again Available

COLUMBUS, Ohio - Senior citizens who didn’t apply for the homestead exemption last year – and the tax savings it means on bills now being mailed to property owners – will now get another chance to sign up.

Starting today, county auditors throughout Ohio will again be accepting applications for the homestead exemption through June 2, 2008.

“Last year nearly 97 percent of the estimated eligible Ohioans took advantage of the homestead tax cut, and are already seeing the benefits of the tax break on their bills this year," Ohio Governor Ted Strickland said. “I encourage anyone eligible for the homestead tax exemption to sign up in 2008.”

Seniors who are already signed up do not need to reapply; the new enrollment period is designed primarily for individuals who were not previously eligible for the newly-expanded homestead exemption.

But, for senior citizens and permanently and totally disabled Ohioans who were eligible last year and missed the Oct. 1 deadline to sign up, the new enrollment period presents another opportunity to claim the exemption for the 2007 tax year.

Homestead applications for the 2008 tax year (bills payable in 2009) are now available from the Ohio Department of Taxation or from county auditors. The new applications include a box, “Late application for prior year,” that taxpayers may check if they also wish to claim the exemption for the 2007 tax year.

Taxpayers may check the box as long they are seeking the exemption for a home they have owned and lived in since Jan. 1, 2007.

“County auditors worked hard to get homeowners signed up. But we know that a few seniors, for whatever reason, missed the deadline,” Tax Commissioner Richard A. Levin said. “This is another chance for senior citizens to apply for meaningful tax relief. We don’t want anyone left out here.”

Completed applications should be submitted to the local county auditor.

How taxpayers receive the credit for late homestead exemption applications for 2007 will depend on when the applications are received and approved. Taxpayers may receive a corrected first half tax bill that includes the homestead savings, have the entire tax savings applied to the second half bill, or receive a refund in the form of a check later this year.

The expansion of the homestead exemption was a key component of the two-year state budget bill proposed by Governor Ted Strickland and enacted by the Ohio General Assembly. The legislation generally allows all senior citizens and permanently and totally disabled Ohioans, regardless of income, to exempt $25,000 of the market value of the home they owned and lived in on January 1 from property taxes.

The exact amount of savings from the exemption will vary from community to community based on local tax rates. On average across Ohio, homeowners enrolled for the homestead exemption are expected to save about $400 this year.

The homestead exemption form, DTE-105A, is available at tax.ohio.gov or directly at the following URL:

tax.ohio.gov/documents/forms/real_property/DTE_105A.pdf

               

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Contact information for county auditors is at:

Directory of Auditors.

Additonal information concerning the homestead exemption is at:

homestead_exemption_information