Ohio - Vets Property Tax

[carlie]

"New law raises homestead exemption for disabled veterans

By MARLA K. KUHLMANTuesday July 1, 2014 10:45 PM

Many disabled Ohio veterans will get some property-tax relief, thanks to a bill Gov. John Kasich has signed into law.

House Bill 85, which was sponsored jointly by state Reps. Lou Terhar (R-Cincinnati) and Anne Gonzales (R-Westerville), increases the amount of the homestead exemption for military veterans who are 100 percent disabled from a service-related disability from $25,000 to $50,000. It also ensures that county veterans service commissions do not lose funding from the loss of property-tax revenue and exempts disabled veterans from means testing, said Christopher Corder, Gonzales' legislative aide.

Jerry Kerr, commander of Tri-Community VFW Post 4719 in Gahanna and senior vice commander of District 11, said the bill would be a huge financial benefit for a lot of disabled veterans."

Full article:

http://www.thisweeknews.com/content/stories/gahanna/news/2014/07/01/new-law-raises-homestead-exemption-for-disabled-veterans.html

[Navy04]

That's great news, as here in Texas, I don't pay any property taxes for the 100% SC, and it has helped me purchase a nice house on the lake due to a cheap mortgage and no taxes. Vets are in bad shape these days, contrary to the Govt and Civilians assuming we get so rich off of the Govt

[Pete53]

Texas is a very good place for Veterans. I pay 4 bucks for my car tags and drivers license is free. No property tax for my homestead.

[SSGmajik]

This is great news for us Ohio veterans! There are so many other states that offered disabled vets tax exemption & Im glad that Ohio finally made some changes to include us! Texas definitely has some of the best benefits for veterans & I have actually considered moving there! Who knows, if I can talk the wife into it I still may move there!:)

I will start a new thread, but just incase any Ohio vets check in here, this is the form you will need to fill out for the $50,000 tax exemption & the earliest you can submit it is 01/01/2015.

http://www.tax.ohio.gov/portals/0/forms/real_property/DTE_105I.pdf