Variations in Receipt of Benefit
No Variation in Receipt of Benefits
An exemption is provided for the value of the homestead that exceeds the value when the exemption is first granted. This exemption applies to all state and county ad valorem taxes. Applicants must file an initial application to receive the benefit, but subsequent annual applications are not required. This benefit does not apply to any increase in value due to improvements made to the property or to additional land added to the property.
How is Benefit Disbursed
Exemption from assessed value
Eligible Property Type
Characteristics of Eligible Property
Only residential property is eligible for this program.
Description of Eligibility Criteria
Eligible applicants must be at least 62 years old (as of 1 January in the first year in which the benefit is sought) and must occupy the qualifying property as their primary residence. In addition, they must have a household income of under $30,000 for the immediately preceding taxable year.
Local Option in Adoption of Program
Local government is unable to exercise an option
Local Option Regarding Program Features
No local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Description of State Funding for Tax Loss
State statutes are silent in regard to reimbursement of local tax loss.
Ga. Code Ann. § 48-5-47.1 (in effect for 2019)
[https://dor.georgia.gov/sites/dor.georgia.gov/files/related_files/document/LGS/Form/LGS-Homestead_Application_for_Homestead_Exemption.pdf Accessed 12/21/2020]
View Archived Source
Georgia Department of Human Services Senior Homeowner's Resource Guide (Page 25-28)
[http://dhs.georgia.gov/sites/aging.georgia.gov/files/imported/DHR-DAS/DHR-DAS_Newsletter/GA%20Senior%20Homeowners%20Guide.pdf Accessed 12/21/2020] View Archived Source