Frequently Asked Questions

The Ohio Department of Taxation has compiled a list of frequently asked questions covering many different categories.

To view the questions, click on the "Select Category" bar and then click on the category you are interested in.  A list of questions will appear pertaining to that category. Then click on the question you are inquiring about and the answer will appear.

For estate planning purposes, I placed the title to my property in a trust. Can I still receive the homestead exemption?

You are eligible for the homestead exemption if all of the following are true:

  • You created the trust to be effective during your lifetime (an inter vivos trust).
  • You provided the assets for the trust (you are the settlor).
 
  • The trust agreement contains a provision that says you have complete possession of the property.  

The homestead exemption used to be limited to revocable trusts (trusts that can be terminated any time by the settlor), but this limitation was removed effective tax year 2009 for real property and tax year 2010 for manufactured and mobile homes. Irrevocable trusts now may also qualify.

Most of the other common forms of property ownership (such as survivorship deeds) also qualify for the exemption. Properties owned by corporations, partnerships, limited liability companies and trusts other than the trust described above are not eligible for the homestead exemption because such properties are not owned by an individual. If you have questions about what constitutes eligible home ownership for the homestead exemption, consult your county auditor.