Homestead Exemption due April 1

What is Homestead Exemption?

Let’s make it short and easy.

A homestead exemption minimizes property taxes for homeowners.

It is a legal provision offered in United States, or at least most of the states, at it helps shield a home from some creditors following the death of a homeowner’s spouse or the declaration of bankruptcy. The homestead tax exemption can provide surviving spouses with ongoing property tax relief on a graduated scale so homes with lower assessed values benefit the most.

It is helpful because it’s designed to provide both physical shelter and financial protection. This can block the forced sale of a primary residence. However, the homestead exemption doesn’t prevent or stop a bank foreclosure if the homeowner defaults on their mortgage.

Key Things To Know About Your Homestead Exemption?

A homestead exemption reduces homeowners’ state property tax obligations.
The exemption can help protect a home from creditors in the event of a spouse dying or a homeowner declaring bankruptcy.
The provision provides surviving qualifying spouses with ongoing property tax relief in certain states.
The exemption only applies to one’s primary residence.
Most states have homestead exemptions but the rules and protection limits vary.

Applying For Homestead Exemption in Georgia

Bellow is a list of most populous counties in Georgia and county governance sites where you can apply for homestead exemption. Most of counties deadline is always April 1. However, it is encouraged to check with your county governance.

You can learn more about Property Tax Homestead Exemption from Georgia Department of Revenue.

If you live in other state, simply lookup your county tax assessor’s office or county government site. Most of them have clear directions on how to apply and where.