This bill establishes a base taxable value for all taxpayers currently receiving a homestead exemption in Fulton County. If you own and live in a house in Fulton County, you may qualify for homestead exemption.A Homestead Exemption is a legal provision that helps reduce the amount of property taxes owed on owneroccupied homes. For example: ○ Fulton County has a package of 11 homestead exemptions. Homestead exemption must be recorded in the deed records of the county prior to the filing of the application for the homestead exemption. Georgia law requires that your property is appraised at. List all local Exemptions and provide the criteria for each local homestead exemption shown on the 2019 Consolidation Sheets. And they must still file for homestead exemption and personal property exemption. Through local option, counties may increase the amount of the exemption. – Basic homestead exemption and county senior exemption applications must be filed with the Fulton County.