Listen up homeowners! If you bought a property that was vacant or not a primary residence, you may be paying too much in property taxes! Even if your property was someone’s primary residence, if they didn’t file for Homestead Exemption, you may be overpaying.
What is Homestead Exemption?
In Georgia, Homestead Exemption is a reduction in real estate property tax.
How do I get Homestead Exemption?
Homeowners may be granted Homestead Exemption if the property is their legal residence as of January 1 of the taxable year. To be considered the legal residence, the home must be the primary residence of the owner.
Where/How do I file?
Homeowners must apply with the tax commissioner´s office or the tax assessor´s office in order to receive the benefits of the Homestead Exemption. Each county has different deadlines, so make sure you make yours! Should a homeowner not file on time they lose the exemption for that tax year. Once you file, you do not have to reapply annually. The Exemption stays in place as long as the property remains the primary residence.
For more information on filing, visit the Georgia Department of Revenue here.