Did You Buy a New Home Last Year?
What is Homestead Exemption?
If you purchased a home in 2017, you may want to know about this. A homestead exemption helps you save on taxes on your primary residence. This tax break helps remove part of the value of your property from taxation. This results in a lower property tax bill for you.
Who can take advantage of this?
You may apply for homestead exemptions if you own, reside and claim the property as you primary residence. There are also some income and age related exemptions for which you may qualify. You will want to file before April 1st of this year in order to take advantage of the tax break. Once granted, the homestead exemption is automatically renewed each year as long as your status remains the same.
For more info visit the GA Dept. of Revenue: Click Here
As always, if you have any questions, please reach out to us 678-287-4848.
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