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 1995
Homestead exemption property tax reductions were granted to
245,677 homeowners for the 1995 tax year (1996 collections).
Qualified senior citizens or disabled homeowners receive tax
reductions based on their total income, provided that the
income does not exceed $20,800. The taxes on the property
owned by such taxpayers were reduced by $69,762,052. The
average tax reduction amounted to $283.96.
Overall, the number of homestead exemptions granted increased
by 1.7%, the average reduction in property value increased by
27.9% and the total reduction in property taxes increased by
37.1%. These increases were largely due to the $4,300
increase in each homestead exemption income bracket, enacted
under House Bill 118 (121st General Assembly).
Cuyahoga County had the greatest number of homeowners
receiving this tax reduction, 38,936, and the largest total
reduction in taxes, $14,071,222. Holmes County had the least
number of homeowners receiving this tax reduction, 418, while
Morgan County had the least total reduction in taxes,
$89,132.
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 1995 homestead exemption. Administrative fees of
$1,395,241 paid to the county auditors are excluded from
Table HE-1.