Atlanta Area Homestead Exemptions

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The Atlanta Area Counties Basic Homestead Exemption amounts appear below. Keep in mind that you may be eligible for additional or other exemption amounts that may be of greater benefit to you and your family.

                                       

Also be aware that even though we strive to keep the homestead exemption amounts listed below as current as possible changes by the taxing authorities can and do occur.

For the most up to date homestead exemption info call or visit the tax office in the area that you live or if you are a potential purchaser call or visit the tax office in the county in which you anticipate moving to.

Click on the following links to learn more about the homestead exemptions and property tax information available in the County you live in or are considering moving to.

The deadline to file your Homestead Exemption is April 1st unless otherwise noted.

Homestead Exemption & Property Tax Info

Carroll County----$10,000 Homestead Exemption


Cherokee County----$9,000 Homestead Exemption


Clayton County----$10,000 Homestead Exemption


Cobb County---- $10,000 Homestead Exemption


Dekalb County----$20,000 Homestead Exemption Deadline March 1st


Douglas County----Call Tax Commissioner


Fayette County---- $9,000 Deadline March 1st ----770-461-3652


Forsyth County----$8,000 Homestead Exemption


Fulton County---- $30,000 Atlanta---- $10,000 County---- 404-612-6440


Gwinnett County----$23,000 Homestead Exemption


Hall County----Call Tax Commissioner


Henry County----$23,000 Homestead Exemption


Paulding County----Call tax Commissioner----770-443-7606


Rockdale County----$12,000 Homestead Exemption


Spalding County----Call Tax Commissioner

Multiply the assessed value minus the homestead exemption amount by the millage rate in affect in the area you want to move to.

In metro Atlanta the millage rates generally range from the mid twenties to the mid forties.

Divide the figure you come up with by 1000 to get the annual tax figure.

Divide by 12 to calculate your estimated monthly property tax.

How To Calculate Your Property Taxes

Quick Example: You buy a $300,000 dollar house in (Peachtree City) Fayette County.

In the city where the house is located the millage rate is 34.083.

For sake of discussion lets assume you are in year 3 of home ownership and you timely filed for your homestead exemption in January of the year following the purchase of your home.

You simply take the FMV (Fair Market Value) if you are a current homeowner or the expected sales price if you are anticipating a home purchase and multiply it by 40%.

The figure you get is your assessed value.

The assessed value at 40% is $120,000.

You then subtract the Homestead Exemption amount from the assessed value.

$120,000  assessed value minus $9,000 homestead exemption equals $111,000.

You then divide the figure you come up with by 1000 and multiply it by the millage rate (34.083) to get the annual tax figure.

$111,000/1000*34.083 = $3783.21

You then divide by 12 to calculate your estimated monthly property tax.

$3783.21/12 = $315.27 per month in property taxes.

Normally each city within the County have their own tax mill rate due to varying needs and operational capabilities of a particular city.

If the property is located in an unincorporated (non-city area) area of the County the services are normally lower and so is the mill rate.

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About This Article:

 

The above article was written by Thomas (TJ) Underwood.   Thomas (TJ) Underwood is an active real estate broker in the state of Georgia and is the writer behind The Wealth Increaser, Home Buyer 411,  Home Seller 411, The 3 Step Structured Approach to Managing Your Finances, Managing & Improving Your Credit & Finances for this MILLENNIUM and CREDIT & FINANCE IMPROVEMENT MADE EASY—FREE GUIDE. 

He is the creator of TheWealthIncreaser.com where he regularly blogs about helping consumers improve their credit, finance and real estate pursuits in an intelligent, consistent and proactive manner.  He’s always looking for ways to make intelligent finance improvement happen for those who “sincerely desire” success in their future. 

You can contact him from a number of sources but the most direct way is to contact him through the contact us block that can be found at the bottom of this page. 

You can also get other highly relevant tips on "living your life more abundantly" and possibly earn revenue at the same time by linking to TheWealthIncreaser.com.

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