A Lorain County commissioner told colleagues Sept. 12 that the county has a limited window to consider reducing property taxes for seniors through locally adopted homestead and owner-occupied credits and asked staff to prepare financial data for public debate.
The commissioner said roughly 19,550 Lorain County seniors currently receive the homestead exemption and that the countywide total savings currently attributed to that exemption is about $9,136,084.62 (as read during the meeting). He urged staff — including the prosecutor’s office and the county auditor — to provide a breakdown of the fiscal effects, including what portions of the exemptions flow to school levies and other taxing authorities, and to present those calculations to the board at an Oct. 7 meeting if possible.
Staff confirmed they will work with the prosecutor and county auditor to assemble the necessary figures. The commissioner emphasized that state law constrains local action and that federal or state funding sources can limit the county’s ability to craft local-preference policies in procurement; however, he said this limited authority for homestead reductions gives the county an opportunity to consider tax relief for seniors who are on fixed incomes.
No formal resolution was introduced or voted on during the Sept. 12 meeting; the board directed staff to prepare analysis and public materials ahead of the proposed Oct. 7 discussion.