Homestead Exemption in Ohio
State-specific overview · Property & Real Estate
Ohio exempts up to $136,925 of home equity (adjusted annually) for primary residences in bankruptcy and judgment cases.
How Ohio treats Homestead Exemption
Ohio's homestead exemption protects up to $136,925 of equity in a primary residence from creditor claims, with the amount adjusted annually for inflation. The exemption applies to judgment creditors and unsecured debts but does not shield the home from mortgage foreclosure or tax liens. Ohio homeowners do not need to file a separate homestead declaration; the exemption applies automatically to the residence you occupy as your principal dwelling. The exemption is available in both bankruptcy proceedings and state court judgment cases.
The general definition of Homestead Exemption
A legal protection that shields a primary residence from creditors' claims up to a certain value.
A homestead exemption is a law that protects your home from being seized to pay debts. When you claim a homestead exemption, a portion of your home's value becomes off-limits to creditors, even if you file for bankruptcy or lose a lawsuit. The amount protected varies by state, and you typically must file a declaration to activate the protection.
Read the full Homestead Exemption entry →This page is a plain-English reference and is not legal advice. State laws change frequently. For specific situations consult a licensed attorney in Ohio.