Tax Data Series

PROPERTY TAX RELIEF:  Number of Real Property Homestead Exemptions Granted, Average Reduction in Taxes and Total Reduction in Taxes, by County, Tax Year 2014 for Calendar Year 2015

Homestead exemption property tax reductions are granted to homeowners who are at least 65 years of age; permanently and totally disabled; or to surviving spouses at least 59 years of age if the deceased had previously received the exemption. Each qualified homeowner received a credit equal to the taxes that would otherwise be charged on the first $25,000 of (true) value of the homestead. In effect, the homestead exemption shielded $25,000 of the true value of an eligible homestead from property taxation. Veterans who have received 100 percent permanent total disability rating or a total disability rating for  a service-connected disability or combination of service-connected disabilities are exempt from the income threshold and are eligible to receive a homestead credit value of $50,000.

Under current law, eligibility for new exemptions is limited to qualifying taxpayers (by age) with Ohio adjusted gross income of $31,000 or less; the income threshold will be annually adjusted for inflation. For calendar year 2016, the threshold will be $31,500, and the 2017 threshold will be $31,800.

The following table shows the number of homestead exemptions granted, the average reduction in property taxes, and the total reduction of property taxes in each county. The data presented in the table were compiled from a survey of county auditors conducted by the Ohio Department of Taxation.

Based on survey results, it is estimated that a total of 892,393 real property homestead exemptions were granted; the average reduction in taxes was $494 per homestead; and the total reduction in real property taxes was $ $440,944,460. One county (Morgan) did not submit tax year 2014 data for this report; previous year’s information was used in place.

In comparison to tax year 2013, the number of homestead exemptions granted decreased by 1.1%, the average reduction in property taxes decreased by 1.8%, and the total reduction in property taxes decreased by 1.8%.

Cuyahoga County had the greatest number of homeowners receiving this tax reduction (94,914) and the largest total reduction in taxes ($66.6 million). Noble County had the least number of homeowners receiving this tax reduction (1,108) and the least total reduction in taxes ($332,824).

The figures in the first column 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 from the distribution records of the Revenue Accounting Division of the Ohio Department of Taxation.  This column shows the actual amounts reimbursed to each county for the reduction in real property taxes attributable to the homestead exemption, including reimbursements for refunds issued by the county to taxpayers that filed "late" applications for the tax year 2014 homestead exemption.  Calculated administrative fees of $13.2 million paid to the county auditors are excluded from Table HE-1.