When tax time rolls around, there is a beneficial exemption available to Georgia homeowners. The homestead exemption reduces the taxable value of your home provided:

•The home is occupied by the homeowner on January 1 of the taxable year, and
•The homeowner applies for the homestead exemption with the county in which the property is located.

A homestead exemption is very important for you as it may mean you have to pay less tax on your property. In the State of Georgia, taxable (or assessed) value is calculated as 40% of the fair market value of your property. The homestead exemption reduces the taxable value by a minimum of $2,000, thereby lowering your tax obligation. Homestead exemption amounts vary by county with many being well above $2,000.

The tax assessor’s office has been designated to receive applications for the homestead exemption. Please check with your county regarding specific procedures and deadlines before going to file your exemption. Please see the deadlines below and click on a county to be transferred to the appropriate website.

Fulton County – deadline is April 1, 2010
404-612-6440

DeKalb County – deadline is March 1, 2010
404-298-4000

Gwinnett County – deadline is March 1, 2010
770-822-8800

Cobb County – deadline is April 1, 2010
770-528-8600

Clayton County – deadline is April 1, 2010
770-477-3311

Cherokee County – deadline is April 1, 2010
678-493-6122

Henry County – deadline is April 1, 2010
770-288-8180

Forsyth County – deadline is April 1, 2010
770-781-2106

Douglas County – deadline is April 1, 2010
770-920-7272

Fayette County – deadline is March 1, 2010
770-461-3652

Paulding County – deadline is April 1, 2010
770-443-7606

This entry was posted on Sunday, January 24th, 2010 at 6:44 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.