You must have owned the property as of January 1. Montgomery County does not offer any Local Homestead Exemptions.To qualify, you must both own and occupy your home as of January 1. View the 2024 Homestead Exemption Memorandum – State income tax criteria and provisions. Visit your local county office to apply for a homestead exemption. To receive the benefit of the homestead exemption, the taxpayer must file an initial application. Regulations in this Chapter apply to the current use valuation of property provided for in Georgia Code 48-5-7.4. Homestead: This exemption can help homeowners reduce state property taxes and protect surviving spouses from creditors. In order for a property owner to qualify, the owner must file an application with the Montgomery County assessment office and be approved. Prepare annual appraisals on all tax-exempt property in the county and submit the appraisals to the county board of tax assessors.