Serving Our Seniors Magazine: Oct-Dec 2022

Reduce Your Real State Taxes with a Homestead Exemption The Homestead Exemption is a reduction on the property tax bill offered by the State of Ohio for taxpayers who are the deeded owner of their primary residence , and meet one of the following qualifications: • Either 65 years or older and have a household Ohio adjusted gross income of $34,600 or less (if you do not file income taxes then you must complete the Income Form ) OR • Receive Social Security Disability (meaning totally and permanently disabled) and provide a copy of their ORIGINAL award letter ; as well as have a household Ohio adjusted gross income of $34,600 or less (if you do not file income taxes then you must complete the Income Form ) OR • Have a 100% service-related disability rating through the Office of Veterans Affairs and provide us a copy of the VA award letter with the disability rating and a copy of their DD214 (age and income do NOT matter with the Veterans Homestead Exemption). If a taxpayer has already been receiving the homestead exemption on another property and are moving they need to complete a Homestead Addendum Form so we can remove the exemption from the previous primary residence and put on the new residence for the following year. HOW THE HOMESTEAD EXEMPTION WORKS • Real Estate Taxes are billed a year behind and split into 2 halves (first half typically due in February, second half typically due in July-subject to change per the Treasurer’s Office). • Income threshold is gauged on the previous year’s income *example* Income Year Real Year Year billed for property taxes 2021 2022 2023 2022 2023 2024 *If you apply for the Homestead Exemption in Real Year 2022, we will check your Income tax filing with the State of Ohio for the year 2021, and if approved the Homestead will show up on your tax bills starting in 2023* Contact Niki Woodruff at 419-627-7594 at the Erie County Auditor’s office for questions about the Homestead Tax Exemption. 8