$50,000 tax exemption? Not even a percentage, just a set number. What is an index rate from the VA? Coming from Texas, where it’s just set at total tax exemption from 100% P&T vets. Difficult to make sense of GA and their process.
Yes, Texas' exemption is more straight forward. Here's some insight that might provide more clarity: __________________ Georgia offers a property tax exemption for disabled veterans who meet certain requirements. This exemption can significantly reduce the amount of property taxes owed. Who is eligible? * Honorably discharged veterans who are considered disabled according to several criteria, including: * Loss or permanent loss of use of one or both feet * Loss or permanent loss of use of one or both hands * Loss of sight in one or both eyes * Permanent impairment of vision of both eyes * Other qualifying disabilities * Unremarried surviving spouses of disabled veterans * Minor children of disabled veterans How much is the exemption? * For 2023, the exemption amount is $109,986. This means the first $109,986 of the assessed value of your home is exempt from property taxes. How to apply: 1. Contact your county tax assessor's office for an application. 2. Complete the application and provide the required documentation, such as: * Proof of honorable discharge * Proof of disability * Proof of residency Additional Information: * The exemption applies to your primary residence (homestead). * The exemption is from all ad valorem taxes for state, county, municipal, and school purposes. * The exemption amount is adjusted annually. * Some local jurisdictions may offer additional exemptions. For more information, please visit the following websites: * **Georgia Department of Veterans Service:** [veterans.georgia.gov/disabled-veteran-homestead-tax-exemption](veterans.georgia.gov/disabled-veteran-homestead-tax-exemption) * **Georgia Department of Revenue:** [dor.georgia.gov/property-tax-homestead-exemptions](dor.georgia.gov/property-tax-homestead-exemptions) Please note that this information is current as of June 2024. It's always recommended to contact your county tax assessor's office for the most up-to-date information and requirements.
