A homestead exemption reduces the amount of property taxes homeowners owe on their legal residence. You must file with the county or city where your home is located. Each county has different applications and required documents.

You must be 65 years old or older. You must be living in the home to which the exemption applies on January 1 of the year for which the exemption applies. Your net income, or the combined net income of you and your spouse must not be greater than $10,000 for the preceding year.

The standard homestead exemption in Georgia is $2,000. This $2,000 is deducted from the 40% assessed value of the homestead.

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A homestead exemption reduces the amount of property taxes homeowners owe on their legal residence. If you own and live in a house in Fulton County, you may qualify for homestead exemption.The purpose of this guide is to help Fulton County residents learn. Douglas County has additional exemptions. Homeowners can make application for the homestead exemption year round but applications must be completed on or before April 1 to apply to the current tax year. To be eligible for Homestead Exemption, applicant must: Own and reside in the property as your primary residence prior to January 1 of the tax year. Property owners must not be receiving a homestead exemption on any other property, including properties in other Georgia counties or in other states. You must provide your 2022 Georgia and Federal Tax. Returns. L5 – Local Disability Homestead Exemption. Homestead exemption applications are accepted in person year-round.

Georgia Homestead Exemption Explained In King

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