Form Dte 106e - Certificate Of Reduction For Homestead Exemption For Senior Citizens, Disabled Persons And Surviving Spouses Occupying A Unit In A Housing Cooperative Page 2
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2DTE 106E
Rev. 10/07
Explanation of the Tax Reduction Calculation
Line 1: Column 1 equals the total taxable value of the
Line 6: Equals the greater of the amounts listed on line 4 or
applicant’s unit before any reduction is taken due to the home-
line 5, for the unit and the aggregate amount for the housing
stead exemption. Column 2 equals the total taxable value of
cooperative. This is the amount of the homestead exemption
the housing cooperative before any reduction is taken due to
tax reduction for this year, for the unit and for the housing
the homestead exemption.
cooperative. If the applicant received a homestead exemption
for tax year 2006 on the current homestead, in future years
Line 2: Equals the taxable value eligible for the homestead
the homestead exemption reduction will be the greater of the
reduction for the current year, up to a maximum amount of
amount calculated by the formula method in the future year
$8,750 ($25,000 of market value multiplied by the 35% as-
or the 2006 reduction.
sessment percentage) for the unit and the aggregate amount
of the taxable value of all the units eligible for the reduction in
Instructions to the County Auditor and County Treasurer:
the housing cooperative.
1. For each tax year for which an applicant qualifies for the
Line 3: Equals the effective tax rate applied to the parcel for
homestead exemption, the county auditor shall complete
the tax year. This rate is the same for the unit and for the
this form in triplicate on or before the day the auditor com-
housing cooperative.
pletes his or her duties under Ohio Revised Code sections
319.30 to 319.302.
Line 4: Equals the amount of the homestead reduction ac-
cording to the formula method for the tax year (line 2 x line 3),
2. The auditor shall retain one copy of the application and
for the unit and the aggregate amount for the housing coop-
immediately forward the original and remaining copy to the
erative.
county treasurer.
Line 5: Equals the applicant’s homestead credit in effect for
3. The county treasurer shall keep the original and forward
tax year 2006 if the applicant had a homestead credit for that
the remaining copy to the applicant with the first-half tax
year on the current homestead and the aggregate amount for
bill for the current year. Alternatively, the treasurer may
the housing cooperative.
mail the remaining copy to the applicant at the address of
the homestead at the same time the first half tax bill is
mailed.
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