Ohio Homestead Act With Property Taxes In Nassau

State:
Multi-State
County:
Nassau
Control #:
US-0032LTR
Format:
Word; 
Rich Text
Instant download

Description

The Ohio Homestead Act provides property tax relief to eligible homeowners in Nassau County, allowing them to exempt a portion of their home’s value from taxation. This act is particularly beneficial for senior citizens, individuals with disabilities, and low-income homeowners, as it serves to reduce the financial burden of property taxes. Key features of the form related to the Ohio Homestead Act include eligibility criteria, application processes, and required documentation for claiming the exemption. Users must accurately fill out personal information, property details, and submit supporting documents such as income verification or proof of age. For attorneys, partners, and legal assistants, the form is essential in guiding clients through the application process, ensuring compliance with local tax laws, and maximizing their benefits under the act. Legal professionals can also assist clients in updating or editing the form as necessary if their circumstances change. This form is widely used by homeowners seeking to reduce their property taxes, allowing them to retain more of their financial resources for other essential needs.

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FAQ

If you purchased property that is your permanent residence in calendar year 2024 (or before), you may file for the 2025 Homestead Exemption through March 1, 2025. This exemption will be reflected on your Notice of Proposed Property Taxes we send out in mid-August 2025.

To apply, complete the application form (DTE 105A, Homestead Exemption Application Form for Senior Citizens, Disabled Persons, and Surviving Spouses), then file it with your local county auditor. The form is available on the Department of Taxation's website and is also available from county auditors.

Must not have a total household income over $38,600/year if applying in 2024, or $40,000/year if applying in 2025, which includes the Ohio adjusted gross income of the owner and the owner's spouse.

Who is eligible for the Homestead Exemption program? Those eligible must be 65 years of age or older or be permanently or totally disabled, meet annual state set income requirements, and own the home where they live as of January 1st or the year in which they apply.

The bill proposes a property tax reduction for householders who meet all of the following requirements: the householder is at least 65 years of age or older, has continuously lived in their home for two or more years, has an annual total income less than or equal to $50,000 (as adjusted for inflation in subsequent ...

If you purchased property that is your permanent residence in calendar year 2024 (or before), you may file for the 2025 Homestead Exemption through March 1, 2025. This exemption will be reflected on your Notice of Proposed Property Taxes we send out in mid-August 2025.

Homeowners over the age of 65: Must not have a total household income over $38,600/year if applying in 2024, or $40,000 if applying in 2025, which includes the Ohio adjusted gross income of the owner and the owner's spouse. Must be age 65 by December 31 of the calendar year for which the exemption is sought.

Ohio has three types of Homestead Exemptions: (1) senior and disabled persons, (2) disabled veterans, and (3) surviving spouses of public safety personnel killed in the line of duty.

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Ohio Homestead Act With Property Taxes In Nassau