July 7 , 2004 - Columbus, Ohio - Disaster Victims May Qualify for Property Tax Relief (applications available at state taxation web site and county auditor's offices)
Columbus -- Ohio residents with homes damaged this year by flooding or storms are reminded that they may be eligible for property tax assistance.
State law allows property owners to apply for a reduction in the assessed value of their home if it was damaged or destroyed during a natural disaster. The application is available at the Ohio Department of Taxation (ODT) web site (tax.ohio.gov). Look in Forms, in the Real Property section. The form is called:
Application for Valuation Deduction for Destroyed or Damaged Real Property , Form DTE 26 .
The application is also available from and should be filed with the county auditor.
There are two deadlines for filing the application:
- For property damaged January through September, the deadline is Dec. 31, 2004;
- For property damaged October through December, the deadline is Jan. 31, 2005.
County auditors’ offices determine the amount of taxable value that can be deducted from the total tax value of the property. State law provides an amount of deduction allowed depending on when the property was damaged, ranging from 100 percent reduction if damaged in the first quarter of the year, to a 25 percent reduction if damaged in the last three months of the year.
Any deduction will affect tax bills due and payable in the following year.
This program is not restricted to storm or flood damaged properties. It is also available when damage occurs from other causes such as fire or intentional demolition.
For more information contact Gary Gudmundson, ODT Communications Director, at 614-644-6903.