Exploring Homestead Exemptions in Georgia: How Homeowners Can Save on Taxes

Property taxes are a significant expense for homeowners, but Georgia’s homestead exemption can provide some much-needed relief. Here’s how it works and how you can benefit.

What Is a Homestead Exemption?

A homestead exemption reduces the taxable value of your primary residence, lowering your property tax bill. For example, if your home is valued at $200,000 and you qualify for a $10,000 exemption, you’ll pay taxes on $190,000 instead.

Who Qualifies for a Homestead Exemption in Georgia?

To qualify, you must:

• Own and occupy the property as your primary residence.
• Apply by the county’s deadline, typically April 1.

Types of Homestead Exemptions

• Standard Exemption: Available to most homeowners.
• Senior Exemption: Offers additional savings for homeowners aged 62 and older.
• Disabled Veteran Exemption: Provides significant benefits for qualifying veterans.

How to Apply for a Homestead Exemption

1. Gather required documents, including proof of residence and property ownership.
2. Complete the application form available from your county tax assessor’s office.
3. Submit the application by the deadline.

How Edwards Law Can Help

Understanding and applying for homestead exemptions can be complicated, but Edwards Law is here to help. Our experienced team can guide you through the process and ensure you receive all the benefits you’re entitled to. Contact us today for a consultation!