Inflation-Proof Exemption for the Elderly





Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Assessment Freeze


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.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type


Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria



Income Ceiling

Description of Eligibility Criteria

Eligible applicants must be at least 62 years old and 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.

Record ID



The income thresholds for the program refer to the applicant's federal adjusted gross income. This program may be used in lieu of, not in addition to, any other homestead exemption program. This exemption does not apply to improvements or additional land added to the homestead after its base-year assessment.


Ga. Code Ann. § 48-5-40 (in effect for 2007); Ga. Code Ann. § 48-5-47.1 (in effect for 2007)
Property Tax Exemptions and Deferrals (no date), Georgia Department of Revenue [ Accessed on 04/07/2010] View Archived Source

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