New property tax savings for all 65-year-old Ohio homeowners

The New Homestead Property Tax Exemption that took effect 7/1/07 drops the old income limit entirely and raises the exemption from $5,700 to $25,000 for senior citizens and the permanently disabled who occupy single-family homes. According to Hamilton County Auditor Dusty Rhodes, the number of county residents who qualified under previous homestead exemption rules was 9,000. With the new, less stringent rules, he expects that number to jump to 50,000 to 70,000 of the county’s 275,000 homeowners.

The county auditor’s website has this Q.&A. informational page about the new guidelines and how to apply for the exemption.