Exemption Summary | Richmond County Tax Commissioners, GA (2024)

FAQs

Who qualifies for property tax exemption in Georgia? ›

Determine if You're Eligible

You must have owned the property as of January 1. The home must be considered your legal residence for all purposes. You must occupy the home. You cannot already claim a homestead exemption for another property in Georgia or in any other state.

S5 - Disabled Veteran Exemption

No age or income limit. Requires a letter from the U.S. Department of Veterans Affairs stating applicant has a 100 percent service-connected disability. Extends to the unremarried spouse or minor children provided they continue to claim homestead within the same county.

Georgia exempts sales and use taxes on a wide range of expenditures made by manufacturers. These include purchases of the following if they are integral to the manufacturing process: Machinery and equipment. Repair and replacement parts. Molds, dyes and waxes.

Trust Affidavit (if the property is in the name of a trust) including the trust documents. DO I NEED TO RE-APPLY EVERY YEAR? Homestead exemptions renew each year automatically as long as you own and occupy the home as your primary residence.

You must be 65 years old as of January 1 of the application year.

A certificate of exemption is issued on application to prospective students who have obtained a Senior Certificate without endorsem*nt or equivalent foreign school-leaving qualification, which meets the requirements of the published regulations and wishes to pursue first degree studies at a South African university.

S3 – Partial School Exemption

Must be 62 years old as of January 1 of the application year. The net income of the applicant and spouse cannot exceed $10,000 (see application for acceptable documentation required for income verification).

Floating Exemption – L7

A base value for the exemption is determined for each homesteaded property within the county that can only be increased, annually, by the lessor of 3% or the inflation rate, plus any additions or improvements to the property, for the purposes of calculating the school portion of the tax bill.

If you qualify for one of the other homestead exemptions listed and are age 65 or older as of January 1, you also qualify for an exemption from the State portion of ad valorem taxes in an amount equal to 100% of the value of your home and up to 10 acres of land.

How do I get tax exempt status in Georgia? ›

You can submit Form 3605 (The Application for Recognition of Exemption) to the Georgia Income Tax Division. Along with the form you will need to submit your Georgia nonprofit's Articles of Incorporation, bylaws, statement of activities in Georgia, and a copy of your Letter of Determination from the IRS.

The standard homestead exemption in Georgia is $2,000. This $2,000 is deducted from the 40% assessed value of the homestead.

Deadline for filing

Property tax returns must be filed by April 1. If an application is received after that, it won't be granted until the next year. Unfortunately, missing the deadline means losing the exemption for that year.

To qualify for school tax exemption, your property must be owner-occupied and you must be 62 years of age by January 1 of the qualifying year. You must provide proof of age (copy of drivers license, birth certificate, Georgia state identification card, etc.).

A homestead exemption is a legal provision that helps to reduce the amount of property taxes on owner-occupied homes. The home must be your primary residence. Applications can be filed year round, but must be submitted on or before April 1st in order to apply for the current tax year.

You can claim exempt if you filed a Georgia income tax return last year and the amount of Line 4 of Form 500EZ or Line 16 of Form 500 was zero, and you expect to file a Georgia tax return this year and will not have a tax liability.