Don’t Forget to File for Georgia’s Homestead Exemption!
As we near the end of the year, it’s time to start thinking about filing for Georgia’s Homestead Exemption! If we had the pleasure of helping you buy your home in 2017, and it is indeed your primary residence, be sure to file for Georgia’s Homestead Exemption no later than March 1, 2018. It’s a guaranteed discount on your property taxes!
Basic Requirements for Homestead Exemption:
- Must be legal resident of the county; et
- Must own and occupy home as of January 1 of the year the homestead exemption is sought.
Deadline for Filing Homestead Exemption:
In most counties, the application must be filed by March 1 of the year the exemption is sought, but some counties have a later deadline.
How Long will the Homestead Exemption Last?
The Homestead exemption will remain on the property until there is a change in ownership.
What is the Homestead Exemption Amount?
These amounts are a reduction in what the amount that the taxed is based on.
As of January, 2017:
Learn More About DeKalb County Homestead Exemptions
Example 2017 Cobb County Property Tax amount:
| Market Value |
$100,000
|
|
| Taxable Value (40% of Market Value) | $40,000 | |
| Less Exemptions (assuming $10,000) |
$10,000
|
|
|
$50,000
|
||
| Multiply by Millage Rate |
0.02875
|
|
| Property Tax |
$1,437.50
|
Without a Homestead Exemption, the county property taxes would be $1,725.00. In many property tax bills, there are also city taxes, school taxes, recreation taxes and other taxes which would amplify the savings that would be made by applying for the homestead exemption.
Comme toujours, you reach me at jill@heineckandcompany.com with any questions!
Jill Heineck
Associate Broker
Heineck & Société à Keller Williams Realty
Téléphone: (404) 418-9157
Email: jill@heineckandcompany.com
Visiter mon site Web
Devenez un fan sur facebook
Connectez-vous sur LinkedIn
Suis moi sur Twitter
Contactez moi
Publié dans:
post tags:
- Atlanta immobilier,
- Marché immobilier Atlanta,
- l'achat d'une maison Atlanta,
- Immobilier Heineck et Société,
- valeurs de la maison,
- homestead exemption,
- Jill Heineck,
- métro atlanta,
- Metro Atlanta immobilier,
- property taxes,
- property value,
- property values,
- Conseils pour les acheteurs de maisons atlanta,
- conseils pour les propriétaires d'Atlanta,
- conseils pour les vendeurs