Atlanta Real Estate, McDonough Real Estate, Stockbridge Real Estate
All information herein was provided by the Fulton County Tax Assessors.
TAX RELIEF PROGRAMS AVAILABLE
A homestead exemption is a reduction in homeowners’ property taxes. To qualify, the homeowner must apply for this exemption on or before March 1st. Once granted, this exemption is automatically renewed each year as long as they continually occupy the home under the same ownership. The home must be your legal residence for all purposes including the registration of your vehicles and the filing of your income tax. You cannot file for homestead exemption on rental property, vacant land or on more than one property. The filing period is January 2, through March 1st. In addition to basic homestead exemption there are additional exemptions for residents age 62 and older and/or disabled and disabled veterans. You must apply for these exemptions in person. For additional information and requirements, please contact (404) 224-0102.
The following exemptions are available:
Basic Homestead Exemption Fulton County/City of Atlanta ($15,000)
$10,000 Statewide School Tax Exemption
Tax Deferral for the Elderly
Age 65 City of Atlanta & City of Atlanta School Exemptions
$4,000 County Tax Exemption
Homestead Freeze for Senior Citizens
Fulton County $10,000 Exemption
$54,000 County Local School Tax Exemption
Age 70 Fulton County Full Value Exemption
Disabled Veterans
Veterans Surviving Spouse
BASIC HOMESTEAD EXEMPTION
FULTONCOUNTY/ CITY OF ATLANTA
$15,000
To be eligible for this exemption, you must meet the following requirements:
- Must be a legal resident in the City of Atlanta and Fulton County.
- Must own and occupy your home as of January 1.
- Applies to city operating, city school operating, city parks, state QBE and county operating in the amount of $15,000.
$10,000 STATEWIDE SCHOOL TAX EXEMPTION
To be eligible for this exemption you must meet the following requirements:
- Must be age 62 on or before January 1.
- Your net income cannot exceed $10,000.
- Applies to city school bonds in the amount of $10,000 for residents within the city limits of Atlanta.
- Applies to county operating, state QBE and county school bond in the amount of $10,000 for residents of Fulton County.
Social Security, Railroad Retirement and pensions count only when exceeding the maximum amount a husband and wife can receive under Social Security.
TAX DEFERRAL FOR THE ELDERLY
To be eligible for this exemption, you must meet the following requirements:
- Must be age 62 on or before January 1.
- Must furnish proof of fire and extended coverage insurance. This amount must be more than the sum of all outstanding liens, deferred taxes and interest with a loss payable to the Tax Commissioner’s office.
- The total amount of deferred taxes interest and unsatisfied liens cannot exceed 85% of the fair market value of Homestead as shown on the Tax Digest for the preceding tax year.
- If your are seeking Tax deferral, your application must be submitted to the Tax Commissioner’s Office annually by April 1.
There are certain additional income requirements, assessment and lien restrictions of all deferred taxes, which may constitute a lien on applicant’s homestead.
Please contact the Tax Commissioner’s office for an application explaining all conditions including the appeal process.
This is a Tax Deferral and not a Tax Exemption Program
AGE 65
CITY OF ATLANTA $25,000 EXEMPTION
This exemption is granted on a person’s homestead from all city of Atlanta ad valorem taxes for municipal purposes. To be eligible for this exemption, you must meet the following requirements:
- Must be a legal resident of the city of Atlanta.
- Must be age 65 on or before January 1.
- Your net income cannot exceed $40,000
- Applies to city operating, city school bond, state QBE, city school operating and city parks.
CITY OF ATLANTASCHOOL $25,000 EXEMPTION
To be eligible for this exemption you must meet the following requirements:
- Must be legal resident of the city of Atlanta
- Must be age 65 or disabled on or before January 1.
- Your annual net income cannot exceed $25,000.
- Applies to city school bond, state QBE and city school operating.
$4,000 COUNTY TAX EXEMPTION
To be eligible for this exemption, you must meet the following requirements:
- Must be age 65 on or before January 1.
- Your net income per your Georgia Income Tax Return cannot exceed $10,000.
- Applies to all state and county ad valorem levies in the amount of $4,000.
HOMESTEAD FREEZE FOR SENIOR CITIZENS
To be eligible for this exemption, you must meet the following requirements:
- Must be a legal resident age 65 or older on or before January 1.
- Your annual household income cannot exceed $39,000 for the preceding taxable year.
- Applies to city operating, city bond and city parks.
- Applies to county operating and county bonds.
This Tax Relief Program freezes the value of your residential property based on the previous year’s value. Your frozen value will remain the property’s value as long as the eligible senior occupies the residence.
FULTONCOUNTY $10,000 EXEMPTION
To be eligible for this exemption, you must meet the following requirements:
- Must be age 65 or disabled on or before January 1.
- The applicants and spouse adjusted income per Federal Income Tax Return cannot exceed the maximum amount a husband and wife receive under Social Security.
- Applies to county operating and special service districts for county residents.
- Applies to county operating for city of Atlanta residents
If disabled, a certificate provided by the Fulton County Board of Assessors must be signed by a physician, licensed to practice medicine in Georgia.
$54,000 COUNTYLOCALSCHOOL TAX EXEMPTION
To be eligible for this exemption, you must meet the following requirements:
- Must be age 65 or disabled on or before January 1.
- Your income including spouse and all other persons residing in the home cannot exceed $30,000.
- Applies to county school operating and state QBE
This exemption does not apply to the city of Atlanta residents.
AGE 70
FULTON COUNTY FULL VALUE EXEMPTION
To be eligible for this exemption, you must meet the following requirements:
- Must be disabled or age 70 on or before January 1.
- The applicant and spouse adjusted income per Federal Income Tax Return cannot exceed the maximum amount a husband and wife receive under Social Security.
- Applies to county operating county bonds and special service district.
This does not apply to Fulton County Schools or State Tax.
DISABLED VETERANS
You must be a disabled veteran and your disabilities are under one of the following conditions described below:
- Loss of the use of both extremities without the aid of braces, crutches canes or a wheelchair.
- Blindness in both eyes and only light perception and with the loss of use of one lower extremity.
- Loss of the use of one lower extremity along with residuals/organic disease or injury, which precludes locomotion without resorting to a wheelchair.
- Loss of the use of one lower and upper extremity, which affects the functions of balance without the aid of braces, crutches, canes or a wheelchair.
If you are a veteran who has been approved by the Veteran Administration as being totally permanently disabled, you are entitled to receive benefits for a 100% service connected disability.
A Veteran may receive an exemption if he/she becomes eligible for assistance. This exemption may be extended to the un-remarried widow or minor children of the veteran after his/her death.
VETERANS SURVIVING SPOUSE
To be eligible for this exemption, you must meet one of the following requirements:
- Must be un-remarried widow and a resident of Georgia.
- Your spouse was killed in a war or armed conflict under United States commander or otherwise.
If you are approved, you will receive a Homestead Exemption from all ad valorem taxation for state, county, municipal and school purpose. The maximum amount that may be granted to a veteran surviving spouse is $43,000.