Homeowners 65 and older and those who are permanently and totally disabled may qualify for Ohio’s Homestead Exemption for property tax relief.
Due to recent legislation passed in 2023, the Homestead income threshold and exemption amount adjust with inflation each year.
“It is a great program, and I am excited that the state decided to expand the income threshold and exempted amount,” Wood County Auditor Matt Oestreich said. “The state legislators, including Representative Ghanbari and Senator Gavarone, understand the hardships on seniors and disabled veterans. Hopefully this is the first of many steps toward tax relief.”
The new income threshold will adjust to $40,000 for 2025, up from $38,600 in 2024. The exemption value, which reduces the amount of the value of the property that is taxed, will increase to $28,000, up from $26,200 in 2024. Those currently on the program will automatically see the increased exemption amount.
Disabled veterans and spouses for first responders killed in the line of duty qualify for an enhanced exemption. This amount also adjusts annually for inflation. The enhanced exemption value will increase from $52,300 to $56,000. These amounts apply to tax year 2024 (collected in calendar year 2025) for real property and to tax year 2025 (collected in calendar year 2025) for manufactured or mobile homes.
There is no income or age eligibility requirement for disabled veterans and surviving spouses of first responders. Disabled veterans must be approved by the VA as 100% service-connected disabled or individually unemployable at the current rate of service-connected disability.
For more information on the Homestead Exemptions, reach out to the Wood County Auditor’s Office at 419-354-9173. Application forms are also available on the website at https://auditor.co.wood.oh.us/. For more information on benefits provided to veterans, contact Wood County Veterans Services at 419-354-9147.
