Tax Exemptions for Homeowners
There is nothing greater than pulling up to your humble abode and feeling the pride bursting in your chest. You have achieved a piece of the American Dream and you love the taste of it.
While many would say that is enough to make every mortgage payment worth it, are you really getting all of the benefits associated with being a homeowners? It goes further than just the annual mortgage interest credit you get when you file your annual taxes.
Do you know that the State of Georgia offers homestead exemptions to all qualifying homeowners. In some counties, the exemptions are higher than others so you will want to check your specific county to make sure you are not losing out on any opportunities to save money.
The homestead exemptions offered by the State can be represented by the tables shown below:
You can view more at: https://dor.georgia.gov/county-property-tax-facts
It is important to keep up with the changes that may occur with tax exemptions and benefits because they are swiftly changing and often times, it is for the benefit of the consumer. Also, should you decide to take advantage of any of the following, please know that you may need to periodically renew the exemption.