The Lead Off
- Ohio lawmakers have approved a one-time property tax credit for homestead exemption recipients
- Lucas County officials say eligible homeowners could see about $450 in additional savings in 2027
- The credit is funded through a $350 million state revenue surplus
COLUMBUS, OHIO (WOWO) Ohio legislators have approved a one-time property tax credit for homestead exemption recipients, providing additional tax relief for qualifying homeowners across the state.
According to a press release from the Lucas County Auditor’s Office, the credit is funded through a $350 million excess in state revenue and will build on existing property tax savings already available through Ohio’s homestead program.
Increased savings for eligible homeowners
Under current law, homestead exemption recipients in Lucas County save an average of about $550 per year on property taxes.
With the new one-time credit, officials estimate those savings will increase by an additional average of $450 in 2027 for eligible homeowners…