Elimination of Homestead Exemption in Georgia

Public reports of the removal of the Georgia Homestead Exemption have left homeowners confused and agents unsure of what to say in their annual home buyer letters.

The standard homestead exemption (and other exemptions based upon age) still exist and have not changed.

What has been eliminated is the money that the homeowner may have also received under the Homeowner’s Tax Relief Grant.  The measure was passed by the Georgia legislature but was not funded by the state for 2009 due to budget constraints.  It will only be funded if state revenue grows 3% plus the rate of inflation.

 The result will be an average increase in property taxes of $300.00.

We strive to provide you with the best information possible.  If you have any questions on this or any other real estate related topic, please contact us.  We are here to help.

* Information received from:

Morris Hardwick Schneider

Nikki Gilbert Fernandez

Marketing Manager
678-357-2574

Author: niaknowles

From Native New Yorker (Brooklyn) to Atlanta Realtor, with a love for architecture and design. Atlanta based Real Estate Consultant working to restore and sell Intown Homes; REO,South West (Westside,West End, Westview Communities 30310,30311,30314,30318 zip codes)

1 thought on “Elimination of Homestead Exemption in Georgia”

  1. The homestead exemption for all practical purposes was eliminated. It only exists now on paper. State revenues increasing at the rate lf 3% only occurs in the best of times. When this legislation was enacted, my property taxes doubled.

    It is a known fact that anytime taxes go up, incoming revenues to the government go down. Even IRS figures show that. I don’t know what part of that Georgia politicians do not understand.

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