Don't get to excited (yet) but it's a start........
Ohio just *released* an announcement that it will be giving it's senior citizens an additional tax break on their real estate taxes (regardless of their income)
Here's how it works.....
You must be 65 (or) disabled, the new law allows you to shield the first 25,000 of the market value of your home from property taxes. The average savings is equaling out to about $400.00 BUT really depends on your homes value.
You MUST apply in order to take advantage of this... It will NOT be automatically deducted from your real estate taxes. County auditors must receive applications by Oct. 1 in order to ensure the exemption is applied to the first property tax bills payable in 2008. So make sure to contact your local auditor's office!
Here's the "official" qualifications taken from the Ohio.Gov site......
To qualify for the new Homestead Exemption, homeowners must live in their
home as their primary residence and be either:
At least 65 years old or turn 65 in 2007 or,
Certified totally and permanently
disabled as of Jan. 1, 2007, or
The surviving spouse of a qualified
homeowner who was at least 59 years old on the date of their spouse’s death.
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