Homestead Exemption Explained

A homestead exemption is a state or local tax break that exempts a certain amount of the value of property upon which a property tax is based. This varies based on each state. For the state of GA, the standard exemption is $2,000 which is deducted from the 40% assessed value of the homestead. Individuals over 65 and older may claim a $4,000 exemption. Click here for additional information on homestead exemption for the state of GA.

Property taxes must be filed by April 1st of the following year from when the property was purchased. If this deadline is missed, the homestead exemption may not be granted until the following year and will result in loss of exemption for the current year.

The McAlister Home Group has put together a resource page on our website which provide links to filing for a homestead exemption for various counties throughout Metro Atlanta. These counties include the City of Atlanta, Fulton, Cherokee, Cobb, Dekalb, Forsyth and Gwinnett. Find your county by clicking here. Please do not hesitate to contact us if we can be of further assistance.

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