General Information
Every property owner who resides in their own property is eligible for an owner-occupied 2 ½% reduction on their property tax bill. Homeowners must make application for this reduction. This is often taken care of at time of transfer of real estate. To receive the owner-occupied (2 ½%) tax reduction, you must own and occupy your home as your principal place of residence (domicile) on January 1 of the year you file for the reduction. A homeowner and spouse are entitled to this homestead tax reduction on only one home. The calculation is based on the Dwelling and up to one acre of land.
Beginning with tax year 2013, the 2 1/2 % reduction no longer applies to new levies enacted after the August 2013 election. These non-qualifying levies include additional levies, the increase portion of renewal with increase levies, and the full effective millage of replacement levies. Levies that will continue to qualify for application of the rollbacks are levies approved at or before the August 2013 election, inside and charter millage as they appear on the 2013 tax list, renewals of qualified levies, and the substitute of qualified school district emergency levies under Revised Code section 5705.199.
Owner-Occupied Tax Reduction Application
FILING DEADLINE NOTICE:
The Deadline to Back File, for the 2023 Tax Year, for the Owner-Occupied Credit Tax Rollback Program for Home Owners is December 31, 2024.
If you have any further questions on how the homestead or owner-occupied reduction will affect your taxes please either click on our tax estimator or call our office at: 330.287.5431