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Welcome to 2011! With the start of the New Year, it’s never too early to begin thinking about taxes. As you know, buying a home can be a tax advantage for several reasons. One of those is a property tax discount known as the Homestead Exemption.
Georgia allows homeowners to claim a Homestead Exemption as a tax benefit that could amount to considerable annual savings. This exemption reduces the assessment from which the country calculates your property tax bill; therefore, reducing your property tax burden. To qualify for the property tax exemption the Homeowner must occupy the home on or before January 1 and file for Homestead Exemption with the tax office of the county where you reside. Filing deadlines and requirements vary by county. We've included links to the appropriate web sites for each county below. As always, contact us with any questions. Hope everyone has a Happy 2011!
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