Ohio Homestead Property Tax Exemption For Disabled Veterans In Wayne

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

Description

The Ohio homestead property tax exemption for disabled veterans in Wayne provides critical financial relief to qualifying individuals by reducing their property tax burden. This exemption is available to disabled veterans who meet specific eligibility criteria, enabling them to retain more of their income for essential expenses. The form must be completed accurately, with clear instructions for submission to the local tax office. Key features include identifying the applicant's disability status, providing proof of residency, and demonstrating military service. Attorneys, partners, owners, associates, paralegals, and legal assistants can use this form to advocate for their clients, ensuring that veterans receive the benefits to which they are entitled. Speeding up the filing process and confirming eligibility can help minimize financial strain on those who have served. Overall, this form serves as a vital tool for legal professionals assisting disabled veterans in navigating tax exemptions.

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FAQ

The exemption offers eligible homeowners the opportunity to shield up to $28,000 of the market value of their homestead (a dwelling and up to one acre of land) from property taxation. For example, if a home is valued at $100,000, the property tax will generally be billed as if the home were valued at $72,000.

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.

The homestead exemption provides a reduction in property taxes to qualified disabled veterans, or a surviving spouse, on the dwelling that is that individual's principal place of residence and up to one acre of land of which an eligible individual is an owner.

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.

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.

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.

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.

Eligible Veterans can exempt $50,000 of the assessed value of their primary residential home from property taxes.

Eligible Veterans can exempt $50,000 of the assessed value of their primary residential home from property taxes. Who is eligible for the Ohio Disabled Veteran Homestead Property Tax Relief?

To receive the benefit of the homestead exemption, the taxpayer must file an initial application. In Wayne County, the application is filed with the Tax Commissioners Office. The application must be filed between January 1 and April 1 of the year for which the exemption is first claimed by the taxpayer.

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Ohio Homestead Property Tax Exemption For Disabled Veterans In Wayne