When tax time rolls around, there is a beneficial exemption available to Georgia homeowners. The homestead exemption reduces the taxable value of your home provided:

  • The home is occupied by the homeowner on January 1 of the taxable year, and
  • The homeowner applies for the homestead exemption with the county in which the property is located.

The deadline to file for your homestead exemption is March 1, 2010.

A homeowner may file an application for homestead exemption for their home and land acquired prior to January 1 of the taxable year up to and including March 1 of the taxable year.

A homestead exemption is very important for you as it may mean you have to pay less tax on your property. In the State of Georgia, taxable (or assessed) value is calculated as 40% of the fair market value of your property. The homestead exemption reduces the taxable value by a minimum of $2,000, thereby lowering your tax obligation. Homestead exemption amounts vary by county with many being well above $2,000. There are, however, a few notable exceptions to homestead exemption:

  • You are not exempt from school taxes levied by municipalities
  • You are not exempt from paying interest on and retiring bond debts

To be granted homestead exemption, you must file an application with the tax commissioner's office in your county. In some counties the tax assessor's office has been designated to receive applications for the homestead exemption. Please check with your county regarding specific procedures and deadlines before going to file your exemption.

Click here for more information about the
2010 Homestead Tax Exemption



When tax time rolls around, there is a beneficial exemption available to Georgia homeowners.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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