Residency-based reductions were created as a benefit for the homeowners who live in Ohio and make it their permanent residence. To qualify, a homeowner must own and occupy the homestead as their primary domicile as of January 1 of the tax year for which they apply. A homeowner and their spouse are entitled to claim a reduction on one property only. Your principal place of residence determines, among other things, where you are registered to vote and where you declare residency for income tax purposes.
The owner-occupancy credit (formerly known as the 2.5% supplemental rollback) is a tax reduction program for owner-occupied residential property in Ohio that applies only to tax levies passed during or prior to the November 2013 general election. The reduction is applied against real property taxes and manufactured home taxes on any manufactured or mobile home on which a manufactured home tax is assessed. A "homestead" is a dwelling or a manufactured or mobile home taxed as real property that is owned and occupied as a home.