Wood County Auditor Michael Sibbersen announces an increased Homestead reduction on real estate taxes for disabled veterans.
The Ohio Legislature signed into law effective September 11, 2014 increased reductions in the Homestead reduction program for any U.S. armed service veterans who have received a 100% permanent total disability rating. There is no income requirement for this new veteran homestead benefit. The reduction will equal the tax on the first $50,000 of true value (which is twice the existing homestead benefit of $25,000).
A qualifying veteran must submit written confirmation from the Federal Department of Veterans Affairs of the disability rating and the program only applies if there is a 100% permanent disability determination. The surviving spouse of a qualifying veteran may continue to receive the tax reduction benefit for life or until remarriage.
A disabled veteran with less than 100% permanent disability may continue to be eligible for the current Homestead reduction program with an income requirement. Questions for both programs should be directed to Wood County Auditor’s Office at 419-354-9173, toll free at 866-860-4140, ext. 9173 or via email firstname.lastname@example.org.