Saturday, August 04, 2007

Property tax relief for seniors and disabled.

The Ohio General Assembly has enacted an expanded Homestead Exemption that will lower residential property tax bills for all seniors and qualifying disabled people by an average of $400 per year.

The new expanded Homestead Exemption will offer Ohio homeowners the opportunity to shield up to $25,000 of the market value of their homestead which includes the dwelling and up to one acre of land.

Seniors and disabled Ohioans who were not eligible must apply with their local county auditor by October 1, 2007.

You can look on the states website http://tax.ohio.gov/divisions/communications/homestead or you can contact the Ohio Department of Taxation.

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