Ohio Homestead Exemption
An Ohio program has been expanded resulting in greater tax savings for seniors. The Homestead Exemption Act has been amended to include all persons who are age 65, regardless of income. The amended law excludes from taxation $25,000 of the home’s market value, thereby reducing the amount of taxes paid by the property owner. For example, if your home has a market value of $100,000, you would be billed based upon a value of $75,000.
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