Homestead Exemption In Ohio In San Antonio
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Persons with a residence homestead are entitled to a 20% exemption of the market valuation of their home.
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.
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.
Ohio's Homestead Exemption protects the first $25,000 of your home's value from taxation. For example, if your home is worth $100,000, you will be taxed as if the home were worth $75,000. On average, those who qualify for the exemption save $400 a year.
