4.18.07 - Strickland Announces School District Specific Data for Proposed Homestead
Tax Exemption

Columbus, OH - Ohio Governor Ted Strickland today released specific, school district-by-school district data for the average tax cut Ohio’s seniors will receive with Strickland’s proposed expansion of the Homestead Tax Exemption.

“As I travel Ohio I hear how this tax cut will truly benefit the lives of Ohioans, and I can tell it will make a meaningful difference for Ohio’s senior citizens,” Strickland said. “This is truly an example of investing in what matters. By making sound fiscal decisions to fund current and future school building projects for Ohio’s students we are also able to offer a tax cut for our seniors.”

The comprehensive document of district-by-district data can be found by clicking here: Ohio Department of Taxation.

Strickland’s proposal to expand the Homestead Tax Exemption will provide property tax relief for an estimated 775,000 homeowners – one of every four homeowners statewide – compared to only 220,000 who receive the benefit from the exemption today. Expanding the Homestead Exemption will save senior citizen homeowners an average of $400 a year without impacting school districts.

Strickland’s proposal also eliminates income limits that currently apply. Otherwise, the program continues to benefit: (1) homeowners age 65 or over; (2) the spouse of a deceased homeowner who was 65 or over at the time of death; or (3) a homeowner who is totally and permanently disabled.

“The annual savings are significant for all senior homeowners but even more so for those living in the state’s seven largest school districts,” Ohio Tax Commissioner Richard Levin said. “Based on the median value of a home in these districts, senior homeowners will see property tax cuts ranging from 26 percent to 61 percent.”

The proposed expansion would have no impact on school district or local government revenues because the state will reimburse for the additional property tax relief, as it does now for the existing Homestead Exemption program.

Property Tax Relief with Expansion of Homestead Exemption

City School Districts	Number of Senior Citizen Homeowners	Proposed Average Property Tax Cut
Akron	16,140	33%
Cincinnati	16,930	26%
Cleveland	26,760	34%
Columbus	27,100	29%
Dayton	13,440	36%
Toledo	20,510	37%
Youngstown	10,140	61%

Office of the Governor Press Releases

Property Tax Relief with Expansion of Homestead Exemption