Acta Asamblea Withholding In Fulton
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FAQ
The standard homestead exemption in Georgia is $2,000. This $2,000 is deducted from the 40% assessed value of the homestead.
There are several homestead exemptions offered by the State of Georgia that apply specifically to senior citizens: Individuals 65 years or older may claim an exemption from all state ad valorem taxes on their primary, legal residence and up to 10 acres of land surrounding the residence.
Georgia exempts a property owner from paying property tax on: Items of personal property used in the home if not held for sale, rental, or other commercial use. All tools and implements of trade of manual laborers in an amount not to exceed $2,500 in actual value.
The standard state homestead exemption is $2,000. Individuals 65 years of age or over may claim a $4,000 exemption from all county ad valorem taxes if the income of that person and his spouse does not exceed $10,000 for the prior year. For more details on the Homestead Exemption, click here.
To qualify for school tax exemption, your property must be owner-occupied and you must be 62 years of age by January 1 of the qualifying year. You must provide proof of age (copy of drivers license, birth certificate, Georgia state identification card, etc.).
To be eligible for the double homestead exemption: You must be 65 years old or older. You must be living in the home to which the exemption applies on January 1 of the year for which the exemption applies.
