Homestead Act Information For Ohio In Ohio

State:
Multi-State
Control #:
US-0032LTR
Format:
Word; 
Rich Text
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Description

The Homestead Act information for Ohio provides critical details regarding property tax exemptions for Ohio residents. This act allows qualifying homeowners to protect a portion of their property from creditors, making it an essential tool for financial security. Key features include eligibility criteria, the application process, and the extent of exemption available. Users must fill out the appropriate forms accurately, following the specified instructions for documentation submission to ensure compliance. Legal professionals such as attorneys, paralegals, and legal assistants will find this information particularly useful in advising clients on securing their homes against financial liabilities. The form’s clarity and simplicity allow individuals with varying levels of legal experience to understand and engage with the application process effectively. Specific use cases include advising clients who seek to claim their homestead exemption or who are facing foreclosure or bankruptcy proceedings. Overall, the Homestead Act is integral for homeowners in Ohio seeking to safeguard their property.

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FAQ

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.

Line 4: Enter income from any other sources not included above (income reported on Form(s) 1099-MISC, self-employment income, business income). Do NOT include any Social Security benefits as they are not taxable in Ohio.

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.

The homestead exemption for senior and disabled persons allows eligible homeowners to exempt the first $28,000 of their home's auditor's appraised value from taxation. For example, an eligible owner of a home with an auditor's appraised value of $100,000 will be billed as if the home were valued at $72,000.

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Homestead Act Information For Ohio In Ohio