Homestead Exemption for the Elderly

State

Georgia

Year

2016

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_RR16

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 2016)
Property Tax Guide for Georgia Citizens, Department of Revenue [https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Georgia/2015/GA_Property_Tax_Guide_for_Georgia_Citizens_DOR_2016.pdf Accessed 9/11/17]

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