According to the Ohio Department of Taxation,
this equals average savings of about $ 435 per eligible homeowner.
Not exact matches
Finally, we assume that renters will earn a return on their
savings equal to the
average growth of the S&P 500 over the past 20 years.
The $ 250
average savings calculation is based on 1,023 actual Credible users from 3/1/17 through 3/31/18 whose goal was to lower their monthly payment, selected a 10 year or longer term, had a balance greater than or
equal to the
average of $ 50,000, and who shared their prior monthly payment and interest rates.
This measure of the benefits of dog ownership
equals $ 250 per year of
savings, on
average, for all of the 43 million - plus households that own dogs in the U.S.. However, this estimate is quite conservative, as it can not account for the benefits of dog ownership that are specific to each household that owns a dog.
Finally, we assume that renters will earn a return on their
savings equal to the
average growth of the S&P 500 over the past 20 years.
At the state
average property tax rate of 1.94 %, both exemptions would
equal annual
savings of $ 485.