Under Georgia law the Homestead Exemption offers a $2,000 reduction in your property’s net assessed value IF the property is your primary residence.
Homestead Exemption
If you want the homestead exemption to take effect this tax year the application must be completed by April 1st. The good news is, you only need to apply once. Once approved the exemption will stay effect year after year as long as you live in that home. Because you are limited to one homestead. If you move you will need to reapply. If you retainer ownership of the first home the exception will drop off.
If you miss the April 1st dead line this year you can always apply for next year.
Are you familiar with Stephens Day?
This a county specific law that was put in to place to protect people from being “taxed off their land”. Essentially meaning you can apply to have the value of your home locked in for tax purposes. Again this is only for primary residences and works in conjunction with the Homestead.
Chatham County HAS a Stephens Day
Effingham and Bryan Counties DO NOT have a Stephens Day provision
Reference:
For more information about living in the Richmond Hill Georgia area please contact Melanie Kramer at 912-658-1390 or melaniekramer@kw.com.
Melanie Kramer Keller Williams Realty Coastal Area Partners
912-459-5001 Office
912-658-1390 Cell Direct 