City homeowners have until March 1 to file their applications for Homestead Exemption with Fulton County, but only those who have not applied previously or who qualify for new exemptions need to fill out the paperwork.
There are four categories of exemptions: Basic, Senior Basic, Additional Senior and Full Value. To qualify for any Homestead Exemption, homeowners must have owned and occupied their home as their primary residence as of January 1 of the application year.
Applications must be filed with the Fulton County Tax Assessor's Office, not the City.
Basic Homestead Exemption
$15,000 off assessed value of the residence.
No age or income requirements.
Automatically extended to all City homeowners who have previously qualified for the County's Standard Exemption.
For homeowners not previously qualified, application with the Fulton County Tax Assessors Office for the County's Basic Exemption also serves as application for the City's Basic Exemption.
Senior Basic Exemption
$15,000 off the assessed value of residence.
Age requirement - 65 years or older as of January 1 of the year in which application filed.
No income requirement.
Automatically extended to homeowners who have previously qualified for the County's Senior $10,000 Exemption.
Application with the Fulton County Tax Assessors Office in person by March 1 for all other seniors.
Proof of age must be presented.
Seniors who are not eligible for the County's Senior Exemptions, or who have not even applied for them because their income is too high, should take special note of this Exemption and the filing requirements.
Additional Senior Exemption
$10,000 off the assessed value of residence.
Age requirement - 65 years or older as of January 1 of the year in which application filed.
Income limited to the maximum amount allowed under Social Security for an individual and spouse.
Automatically extended to any homeowner who has qualified for the County's senior $10,000 Exemption.
For homeowners not previously qualified, application with the Fulton County Tax Assessors Office for the County's senior $10,000 Exemption also serves as application for the City's Additional Senior Exemption.
Proof of age and income must be presented.
Full Value Exemption
Age requirement - 70 years or older as of January 1 of year in which application filed.
Also available to disabled individuals.
Income limited to maximum amount allowed under Social Security for individual and spouse.
Automatically extended to any homeowner who has previously qualified for the County's Full Value Exemption.
For homeowners not previously qualified, application for the County's Full Value Exemption also serves as application for the City's Full Value Exemption.
Proof of age and income must be presented.
Senior homeowners are also eligible for an exemption that eliminates payment of the .25 mill of property tax to the State of Georgia. The Fulton County Tax Assessors Office can provide details.
For details regarding eligibility requirements and proper methods of applying for Homestead Exemptions, please contact Fulton County Tax Assessors Office at 404-224-0102 or visit the Tax Assessor's Web site. The District 3 Office is located in the Royal 400 Office Park, 3155 Royal Drive, Alpharetta.
Labels: Fulton County, Homestead Exemption, march 1
# posted by
Brian Vanderhoff @ 8:52 AM
