MARK YOUR CALENDAR: APRIL 1, 2019 BASIC/SENIOR HOMESTEAD FILING DEADLINE Review Frequently Asked Questions on Available Exemptions
Commissioner Bob Ellis
New property tax exemptions were recently adopted by voters and they could offer you property tax relief. We all want to save money so be sure you review these frequently asked questions that explain homestead exemptions and outline some of the key changes that you may take advantage of. If you do not already have a homestead exemption, you must apply by the April 1, 2019 deadline.
What is a homestead exemption?
To qualify for a basic homestead exemption:
Own, occupy and claim the property as your legal residence
Person applying for the exemption must be listed on the deed
Continue to own and live in the home as your primary residence
Cannot claim more than one homestead exemption
Does not apply to commercial or rental properties, or second homes
How do homestead exemptions reduce property taxes?
Your home is appraised at Fair Market Value
The Assessed value for tax purposes = 40% of Fair Market Value
Your city, school and county homestead exemptions are deducted from the Assessed Value
Taxes are calculated using the city, school & county millage (tax) rate
What are the new homestead exemptions introduced for 2019?
New Senior Homestead Exemption -- Fulton County
Available to property owners 65 years or older; you must be 65 on or before January 1, 2019
Increases base homestead exemption from $30,000 to $50,000
Applies to Fulton County portion of property taxes
Applies to all 65 and older, regardless of income
NOTE #1: If you already have a 65+ homestead exemption, this will apply automatically. If you do not have a senior homestead exemption, you must apply by the April 1 deadline.
NOTE #2: Other exemptions apply to those 62 and 70 years of age but certain restrictions apply.
Floating Homestead Exemptions -- Multiple jurisdictions in North Fulton
Applies to those in the Fulton County school district and cities of Alpharetta, Milton, Roswell, Johns Creek and Mountain Park
Caps the annually adjusted value at 3%
Fulton County and the City of Sandy Springs already have floating homestead exemptions in place
NOTE: The floating exemptions will apply automatically to properties in the affected jurisdictions with a homestead exemption in place. If you do not currently have a homestead exemption, you must apply.
How do I apply for a homestead exemption?
Gather all the document you need to file, including your drivers license and vehicle registrations
Go to www.fultonassessor.org
In the lower right corner of the website, click on "Online Services"
At the bottom of the page, you will see "Click Here to Access SmartFile
From there, follow the directions
You can also apply in person or by mail. Info at www.fultonassessor.org
Need more information?
While all homeowners may qualify for a basic homestead exemption, many different exemptions are available for seniors, those with medical disabilities and veterans and their surviving spouses. Your situation may be unique and we are here to get you the information you need. For help: