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Homestead Exemption



If you closed on your new home in 2022 you have until April 1, 2023, to file for your exemption(s)


The Homestead Exemption allows you to save on property taxes by excluding a portion of your home's value from assessment, so you end up paying less property taxes each year. For example, Fulton county allows a basic homestead exemption of $50,000 so if your home is assessed at $300,000 and you qualify for a basic homestead exemption of $50,000, you would only pay taxes on the remaining $250,000. You could potentially save hundreds of dollars off your tax bill every year. Once granted, this exemption is automatically renewed each year as long as you continually occupy the home under the same ownership. And if you are 62 and over you may also qualify for an additional $10,000 School Tax exemption.


What Is a Homestead Exemption?

It's a reduction in your property taxes as a benefit of owning a primary residence in your county (city).

Basic Requirements for Homestead Exemption:

1. Must be legal resident of the county; and

2. Must own and occupy home as of January 1 of the year the homestead exemption is sought.

Deadline for Filing Homestead Exemption:

In most counties, the application must be filed by April 1 of the year the exemption is sought, but some counties have a different deadline.

How Long will the Homestead Exemption Last?

The Homestead exemption will remain on the property until there is a change in ownership. Refinancing your home does not affect homestead exemption.

What is the Homestead Exemption Amount?

These amounts are a reduction in what the amount that the taxed is based on.

**Please note that if the property is located within city limits, you may need to file with the city as well.

Can I file a Homestead Exemption for my investment properties?

Homestead Exemption cannot be applied to Rental Property or Business Owned Property.


How to file

Click on your county below and follow the instructions on the count website. You may need your ALTA statement from your closing as well as proof that you have your car registered with your new county. Each county's website will explain it all. If you live in an incorporated city then you may need to file in both your city and county. Example: the city of Atlanta and Fulton county would be 2 separate filings.




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