Tuesday, October 9, 2007

Is there a homestead exemption in Forsyth County Georgia?

We are thinking about moving to Forsyth County Georgia. We understand the annual property taxes are less than 1% of the assessed value of the property. Is there a homestead exemption? If so, how does this affect the annual property taxes?
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Alexia Gallagher Chapman Hall Professionals said...

The State of Georgia offers a homestead exemption to owners of a primary residence. You may only claim one property as a primary residence. Forsyth County Georgia offers a general homestead exemption that reduces the assessed value of the property $8,000. If you purchase a home that is assessed at $250,000, you can anticipate an annual savings of approximately $73.

Please cut and paste the following link into your web broswer to see a table illustrating how the homestead exemption reduced annual property tax in Forsyth County Georgia: http://www.northatlantabesthomes.com/PageManager/Default.aspx/PageID=957683&NF=1.

October 9, 2007 at 4:43 PM

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