Tax breaks (Forsyth: real estate, property taxes, income)

[JEM125]

Does Georgia have any tax breaks for seniors. If so what are they and does the amount of your income determine the break?

[Calcbunny]

Don't quote me, but Forsyth county has like 82% off property taxes and 25% off the water bill.

The 82% is no school tax.

[sbaggett]

Acutually every county in GA has some sort of senior Tax break, mostly centering around the School Tax break (which is normally the largest part of your tax bill) also GA has breaks for personal property taxes and fixed utility billing options. Moderator cut: Removed

[JEM125]

Part of you message was cut. Is there a website I can get this information

[BuckeyeGal]

The Homestead Exemption is available to legal residents of Georgia for their primary homes. You are able to claim a partial exemption, which can amount to substantial property tax savings. Senior citizens may have additional exemptions available. Check with the local county tax office. You are entitled to the Homestead Exemption if you owned and occupied your home by January 1. Unless otherwise note, the Homestead Exemption filing deadline is March 1st.

Georgia Homestead Exemption Law has been amended. The new law provides for year-round filing. Beginning June 1, 2005, new homeowners may apply for their homestead exemption immediately upon receipt of their warranty deed, which is customarily mailed to them after recording.

After 2005, new Homeowners will be eligible to file for the homestead exemption throughout the year of their purchase up until March 1 of the following year. Homeowners who purchase their homes before June 1, 2005 are already eligible to file their homestead exemption and will continue to be eligible until March 1, 2005. Those who purchased their home in 2005 will be eligible to file their homestead exemption on June 1, 2005 and will continue to be eligible to file until March 1, 2006.

[Padgett2]

Senior Citizens get an extra deduction on Income Tax. And depending on the County, there's a discount on real estate taxes. Also if the income reported on the Federal Form is below a certain amount, there may be an additional discount because of income.