Tax Data Series

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 2005

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 $25,500. 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 2005):

      Total Income of                                      Reduce Taxable Value

     Owner and spouse                                        by the Lesser of

         Under $13,100                          $5,400 or 75% of taxable value

     $13,101 - 19,200                            3,300 or 60% of taxable value

       19,201 - 25,500                            1,030 or 25% of taxable value

            Over 25,500                                                -0-

Statewide, a total of 222,090 real property homestead exemptions were granted in tax year 2005; the average reduction in taxable value was $3,943; and the total reduction in real property taxes was $70,479,229.

It should be noted that two Ohio counties did not submit data for tax year 2005: Fayette and Morgan. Tax year 2004 data was used for Adams County and tax year 2002 data was used for Morgan County.
In comparison to tax year 2004, the number of homestead exemptions granted increased by 0.5%, the average reduction in property value increased by 3.0% and the total reduction in property taxes increased by 0.5%.

Cuyahoga County had the greatest number of homeowners receiving this tax reduction, 31,777, and the largest total reduction in taxes, $13.4 million. Paulding County had the least number of homeowners receiving this tax reduction, 370, while Holmes County had the least total reduction in taxes, $85,972.

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 2005 homestead exemption. Calculated administrative fees of $1,409,585 paid to the county auditors are excluded from Table HE-1.