Property Tax Credit for All Homeowners

State

Georgia

Year

2011

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Credit

Benefit

Taxpayers receive a credit equal to $8,000 times the millage rate for county, state, school, and city taxes. This amount is deducted directly from the homeowner's tax bill and is not refundable.

How is Benefit Disbursed

Credit to the property tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Homeowner

Other Criteria

Description of Eligibility Criteria

Eligible taxpayers must own their home and qualify for a homestead exemption.

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

State reimburses all of the local government tax loss

Description of State Funding for Tax Loss

Subject to annual appropriation, the state reimburses local governments for the cost of providing the credit.

Record ID

GA105_RR11

Footnotes

Legislation passed in 2009, HB 143, provides that the grant will be available in the future only if the growth of state revenues is at least 3% plus the rate of inflation.

Sources

Ga. Code Ann. § 36-89-1 ~ § 36-89-6 (in effect for 2011)
Local Government Services Division, Homeowner Tax Relief Credit [https://etax.dor.ga.gov/ptd/cds/htrc/plan.aspx Accessed on 05/06/2011] View Archived Source

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