There are currently more than 34,000 homeowners in Montgomery County receiving the homestead exemption. For those who enroll and qualify, the homestead exemption currently protects the first $26,200 of a property’s value from taxation, according to the Montgomery County Auditor’s Office.
In Montgomery County, this results in property owners saving hundreds of dollars annually on their property taxes.
“We want to encourage homeowners to apply for this valuable tax break if they believe they might be eligible,” said Montgomery County Auditor Karl Keith.
Disabled veterans may be eligible for additional benefits. Only homeowners whose modified adjusted gross household income is $38,600 or less are eligible for the exemption.
Homeowners are required to have owned and occupied their residence on Jan. 1, 2024 to be eligible for this year’s tax credit and must be at least 65 years of age by Dec. 31, 2024.
Homeowners already receiving the benefit do not need to re-apply.
Keith says homeowners who are unsure if they meet the requirements for the Homestead Exemption should call the Auditor’s Homestead Hotline at 937-225-4341 for assistance. Homeowners can apply for the exemption online at www.mcauditor.org/homestead, or a form can be printed from the website and mailed to the Auditor’s Office.
A proposed bill that would have doubled the homestead exemption for qualified taxpayers to $50,000 for those who have lived in their homes 20 or more years is not expected to pass this year, according to Ohio lawmakers.
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