Homestead Exemption is one way to reduce the amount of property tax you pay on your residential property. A homestead exemption can give you tax breaks on what you pay in property taxes.The purpose of this guide is to help Fulton County residents learn more about the homestead exemptions that are available to you. A homestead exemption is a legal provision that helps to reduce the amount of property taxes on owner-occupied homes. In Georgia, homeowners are able to receive a significant discount on property taxes if the home is their primary residence. In most counties the homeowner must go in person to the office of the Tax Commissioner of the county in which the property is located. Homestead Exemption is one way to reduce the amount of property tax you pay on your residential property. A homestead exemption is a property tax reduction available to those who own and occupy a property as their principal place of residence. Most counties require that you must have owned and occupied the property as of January 1st and complete the homestead exemption application in your county. Apply for the Forsyth County GA Homestead Exemption to reduce your property tax bill.