I’m sharing why you should file for the homestead exemption and get a break on your property taxes!
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Ladies and gentlemen, today I’m discussing something crucial: the homestead exemption. What is a homestead exemption and why is it important? It’s important because if you purchased a home in 2019 and you own and live in the home as of January 1, 2020, you are entitled to the homestead exemption.
The homestead exemption is a legal provision that gives you a break on your property taxes, bringing your monthly mortgage payment down, if you’re escrowing your taxes, which most people are. This is only available to your primary residence. It’s not going to count for any rental properties, vacation homes, and so on. You need to go to your tax assessor’s website or office to fill out the paperwork and file for the homestead exemption.
"The homestead exemption is a legal provision that gives you a break on your property taxes."
There’s no cost or fee. All you have to do is claim it, and you’ll have reduced taxes and a lower mortgage payment each month. You do it once and you’re done. You never have to file it again. However, if you miss the deadline, you can’t file until the next year. For most counties, the deadline is sometime in April.
At 1:45 in the video above you can view the deadline and link for the top 11 Atlanta counties for filing the homestead exemption. Save yourself some hard-earned money and file now!
If you have further questions about the homestead exemption or real estate in general, or you’re considering selling or purchasing a home, please reach out to us by phone or email. We’d love to help you. If there’s anything we can do to help with your real estate needs this year, don’t hesitate to reach out to us.