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 1994
Homestead exemption property tax reductions were granted to
241,607 homeowners for the 1994 tax year (1995 collections).
Qualified senior citizens or disabled homeowners receive tax
reductions based on their total income, provided that the
income does not exceed $16,500. This income limitation
increases to $20,800 in tax year 1995 (1996 collection). The
taxes on the property owned by such taxpayers were reduced by
$50,877,439. The average tax reduction amounted to $210.58.
Cuyahoga County had the greatest number of homeowners
receiving this tax reduction, 37,672, and the largest total
reduction in taxes, $10,229,757. Holmes County had the least
number of homeowners receiving this tax reduction, 393, and
the least total reduction in taxes, $66,976.
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
showing the reduction in real property taxes are the 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 1994 homestead exemption. Administrative fees of
$1,017,549 paid to the county auditors are excluded from
Data for this table were taken from abstracts filed by county
auditors with the Ohio Department of Taxation.