Ohio Homestead Exemption 2024 Income Limit. The homestead exemption allows senior citizens and permanently and totally disabled residents and veterans of geauga county to reduce their property tax burden by. $38,600 for income tax year 2023 if applying for real property tax year 2024 as current filer.
The 2021 ohio adjusted gross limit for 2022p2023 real estate tax is 34,600. The exemption, which takes the form of a credit on property tax bills, allows qualifying homeowners a homestead reduction in taxes equal to the taxes on $26,200 of the.
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