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Homestead
Exemption – what, when and how
170 Lindburg
Drive $450,000
****If
you know a friend, family member, or coworker who would like their
home featured
Tuesday’s
Tip What Exactly is the Homestead
Exemption?
When tax time
rolls around, there is a beneficial exemption available to Georgia
homeowners. The Homestead Exemption reduces the taxable value of your
home provided:
In most
counties you can file between January 1 and June 1 but in all
circumstances, the homeowner must occupy the home on January 1.
A homestead
exemption is very important for you as it may mean you have to pay less
tax on your property. In the State of Georgia, taxable (or assessed)
value is calculated as 40% of the fair market value of your property.
The homestead exemption reduces the taxable value by a minimum of
$2,000, thereby lowering your tax obligation. Homestead exemption
amounts vary by county with many being well above $2,000. There are,
however, a few notable exceptions to homestead exemption:
You are not
exempt from school taxes levied by municipalities You are not
exempt from paying interest on and retiring bond
debts To be granted
homestead exemption, you must file an application with the tax
commissioner's office in your county by a certain date. In some counties
the tax assessor's office has been designated to receive applications
for Homestead Exemption. Please check with your county before going to
file. Generally, the
deadline for filing an application is June 1st, but there are
exceptions: Counties with
installment billings have an application deadline of May 1st, or a
different date that has been established by a local
Act Counties
having a population of 81,300 to 89,000 have an application due date of
March 1 Please check
with your county officials to confirm your filing
deadline. Also, in most
cases once you file for homestead exemption you do not have to file
again as long as you occupy the home. For example, if you file for
homestead exemption for the 2004 tax year, you do not have to do so in
2005. This may not be the case for all counties; you are encouraged to
check with your local tax commissioner to see if your county has
automatic renewal. The Castles by
Chrissy team encourages
you to contact your local county tax commissioner or tax assessor's
office or visit their website to confirm the filing details for your
county and take full advantage of this valuable exemption. County Tax
Commissioner phone numbers and information websites are listed below.
Click on the county name to visit the state's website with information
for your county. Barrow County,
770-307-3106 Bartow County,
770-387-5111 Carroll County,
770-830-5848 Cherokee County,
770-479-0440 Clayton County,
770-477-3311 Cobb County,
770-528-8600 Coweta County,
770-254-2670 Dawson County,
706-265-2860 DeKalb County,
404-298-4000 Douglas County,
770-920-7272 Fayette County,
770-461-3611 Forsyth County,
770-781-2110 Fulton County & City of
Atlanta, 404-224-0102 Gwinnett County,
770-822-7324 Hall County,
770-531-6950 Henry County,
770-954-2470 Newton County,
770-784-2020 Paulding County,
770-443-7581 Pickens County,
706-253-8882 Rockdale County,
770-929-4152 Spalding County,
770-467-4360 Walton County,
770-267-1474 Copyright 2004 Hungry Minds, Inc. All rights
reserved. Terms of use Designed, Built
and Managed by Katabat Corporation. PLEASE FEEL FREE TO EMAIL CHRISSY@CASTLESBYCHRISSY.COM OR CALL ME AT 404.925.5335
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