James, a 40-year-old permanently and totally disabled Ohio resident, wants to apply for the Homestead Exemption. His annual income is $34,000. Which statement about James's eligibility is MOST accurate?
Correct Answer
D) James is eligible because the exemption covers permanently and totally disabled homeowners regardless of age
Ohio's Homestead Exemption (ORC §323.152) is available to homeowners who are either 65 or older OR permanently and totally disabled, provided they meet the income threshold. James qualifies based on his disability status, regardless of his age.
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Previous Question
A property in Lake County, Ohio is appraised at $350,000 by the County Auditor. The owner believes it should be valued at $290,000 and files a complaint with the Board of Revision, which agrees and reduces the value to $290,000. At 35% assessment and a total millage rate of 90 mills, how much will the owner save annually?
Next Question
A farmer in Licking County, Ohio has 200 acres of cropland. Under CAUV, the agricultural value is $1,200 per acre, while the market value is $8,000 per acre. Both are assessed at 35%. If the millage rate is 70 mills, how much does the farmer save annually on the 200 acres by using CAUV instead of market value?