Real Property
Real Estate Taxes
Real Property Tax Relief, Number of Homestead Exemptions
Granted, Average Reduction in Taxable Value and Total
Reduction in Taxes, by County, Tax Year 2001
Homestead exemption property tax reductions are granted to
qualified low-income homeowners who are at least 65 years of
age or permanently and totally disabled or to surviving
spouses at least 59 years of age if the deceased had
previously received the exemption. Qualified senior citizens
or disabled homeowners receive tax reductions based on their
total income, provided that the income does not exceed
$23,700. The reduction is equal to the gross millage property
tax rate multiplied by the reduction in taxable value shown
in the following schedule (Tax Year 2001):
There were five counties that did not submit tax year 2001
data. Using prior year's data, it is estimated that homestead
exemption property tax reductions were granted to 225,893
homeowners (manufactured homeowners are not included; see
table HE-2 for additional information). The taxes on the
property owned by such taxpayers were reduced by $65.1
million. The average tax reduction amounted to $288.
Overall, the number of homestead exemptions granted decreased
by 0.7%, the average reduction in property value decreased by
0.5% and the total reduction in property taxes decreased by
2.0%.
Cuyahoga County had the greatest number of homeowners
receiving this tax reduction, 33,026, and the largest total
reduction in taxes, $12.6 million. Paulding County had the
least number of homeowners receiving this tax reduction, 405,
while Wyandot county had the least total reduction in taxes,
$89,694.
The figures in the first two columns of this table were
compiled through a survey of county auditors conducted by the
Ohio Department of Taxation. The data in the third column are
actual distribution records from the Revenue Accounting
Division of the Ohio Department of Taxation. This column
shows the reduction in real property taxes - actual amounts
reimbursed to each county for the homestead exemption,
including reimbursements for refunds issued by the county to
taxpayers that filed "late" applications for the tax year
2001 homestead exemption. Administrative fees of $1,301,069
paid to the county auditors are excluded from Table HE-1.