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.

Georgia exempts a property owner from paying property tax on: Items of personal property used in the home if not held for sale, rental, or other commercial use. All tools and implements of trade of manual laborers in an amount not to exceed $2,500 in actual value.

When applying, you must provide proof of Georgia residency. This is an exemption from all taxes in the school general and school bond tax categories. In order to qualify, you must be 62 years of age on or before January 1 of the current tax year.

Property's parcel ID. Proof of residency, such as a copy of valid Georgia driver's license and a copy of vehicle registration. Recorded deed for new owners, if county records have not been updated. Trust document and affidavit, if the property is in a trust.

Georgia homestead laws allow creditors to exempt up to $10,000 worth of their home under certain conditions. For example, if your house is worth $100,000 and you owe $90,000 on your mortgage, you have $10,000 of equity in your home, and that equity cannot be taken by creditors.

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You must file with the county or city where your home is located. Each county has different applications and required documents.HOMESTEAD EXEMPTION FILING DATES ARE JANUARY 1st THROUGH April 1st. Effective June 1, 2005 homestead exemptions may be filed for any time during the year. The deadline for filing an application for a homestead exemption in Montgomery County is April 1. To receive the benefit of the homestead exemption, the taxpayer must file an initial application. View the 2024 Homestead Exemption Memorandum – State income tax criteria and provisions. Visit your local county office to apply for a homestead exemption. Learn everything you need to know about filing for homestead exemption in the State of Georgia, from deadlines to requirements. Montgomery County does not offer any Local Homestead Exemptions.

Apply For Homestead Exemption In Georgia In Montgomery

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