Liz Nogowski

Homestead Exemption Tips

Did you buy a new home? Don’t be fooled! File your Homestead Exemption by April 1!

April 1 might be April Fool’s Day, but don’t get fooled! Failing to apply for your homestead exemption by April 1 means it won’t get granted until the next calendar year. And for homeowners, a homestead exemption reduces the amount of property taxes you will owe.

What is a Homestead Exemption?

In the State of Georgia, the standard Homestead Exemption entitles the home of each resident of Georgia that is used as a primary residence by the owner to qualify for an exemption from county and school taxes except for school taxes levied by municipalities and except to pay interest on and to retire bonded indebtedness. The homestead tax can be a percentage of the property’s value or a fixed amount. Simply, homestead exemptions reduce the total amount of property value subject to taxation.

How do you apply?

Visit your County Tax Accessor’s web site for additional information. Once you apply, the exemption automatically renews form year-to-year, as long as the applicant continuously occupies the residence as a homestead and the eligibility conditions still apply. Pull together this information:

  • Homeowner’s name
  • Property address
  • Property’s parcel ID
  • Proof of residency, such as a copy of valid Georgia driver’s license and a copy of vehicle registration
  • Recorded deed for new owners, if county records have not been updated
  • Trust document and affidavit, if the property is in a trust

Why take the time?

When property taxes increase, so does your tax obligation. “If you’re escrowing your taxes, your monthly mortgage payment will also increase,” explained Jordan Gilbert, Residential Loan Officer with Southwest Georgia Farm Credit Home Loans. “A homestead exemption may help curtail your property taxes and save you some money each month.”

Our Expert Team 

Need help getting started? Southwest Georgia Farm Credit Home Loans has the experts ready to get you pre-qualified and started on your home buying journey today. Call 229-493-0921 or Apply Online!


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