State
Georgia
Year
2015
Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Benefit Type
Exemption
Benefit
Eligible taxpayers receive an exemption of $4,000 from all state and county property taxes.
How is Benefit Disbursed
Exemption from assessed value
Eligible Property Type
Residential
Characteristics of Eligible Property
Only residential property is eligible for this program.
Eligibility Criteria
Age
Homeowner
Income Ceiling
Principal Residence
Description of Eligibility Criteria
Eligible applicants must be at least 65 years old. They must also occupy their property as a primary residence and have an income of $10,000 or less, exclusive of pension income.
Local Option in Adoption of Program
Local government is unable to exercise an option
Local Option Regarding Program Features
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.
Record ID
GA101_RR15
Footnotes
For the purposes of this exemption, income does not include survivor or disability benefits under the Social Security Act. It also does not include public or private retirement, disability, or pensions.
Sources
Ga. Code Ann. § 48-5-47 (in effect for 2015)
Property Tax Guide for Georgia Citizens, Department of Revenue [http://dor.georgia.gov/sites/dor.georgia.gov/files/related_files/document/LGS/Property%20Tax%20Facts/Property%20Tax%20Guide%20for%20Georgia%20Citizens.pdf Accessed on 04/15/2016] View Archived Source