Real Estate Taxes
How property taxes are handled at closing in Ohio — important dates, prorations, and the Homestead Reduction.
Property taxes at closing
In Ohio, real estate taxes are paid in arrears, which affects how they’re handled between buyer and seller at closing. Here’s what to know.
Important tax dates
Ohio property taxes are billed semi-annually by the county. Due dates vary by county and year, so confirm the current schedule with the county treasurer.
Prorations at closing
Because taxes are paid in arrears, the seller typically credits the buyer for the portion of taxes that accrued during their ownership but haven’t been billed yet. We calculate this on your settlement statement.
The Homestead Reduction
Ohio’s Homestead Exemption can reduce property taxes for qualifying senior, disabled, or veteran homeowners. Eligibility and amounts are set by the state and administered by the county auditor. You will also qualify if you occupy the property (2.5% reduction). Please contact county auditor/treasurer to apply.
Ready to get started?
Open a file or get an estimate — it only takes a minute.
Diamond Title Company
4030 State Route 43, Suite 201
Kent, OH 44240
Related resources
A note on accuracy
Confirm current figures with the county
Tax dates, rates, and exemption amounts change. Always verify the current numbers with the county treasurer or auditor before relying on them.
Get Started Today
Questions about your closing? Reach the Diamond Title team Monday through Friday, 8:30am–5:00pm ET.