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 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.