Understanding the Homestead Exemption in Athens, GA
If you’re a homeowner in Athens-Clarke County, Georgia, taking advantage of the homestead exemption can be a great way to reduce your property tax bill. This blog will walk you through the history, benefits, deadlines, and application process for this valuable tax break.
What is the Homestead Exemption?
The homestead exemption reduces the taxable value of your primary residence, which lowers the amount of property taxes you owe. In Athens-Clarke County, homeowners can benefit from both state-level and county-specific exemptions.As of 2023:
The County Maintenance & Operations (M&O) exemption increased to $25,000.
The School M&O exemption remains at $10,000
This means that if your home’s assessed value is $80,000 (40% of a $200,000 market value), the taxable value would drop to $55,000 for county taxes and $70,000 for school taxes. These reductions translate into significant annual savings.
History of the Homestead Exemption in Athens
The homestead exemption has been a part of Georgia’s tax system since 1937. Over time, local governments like Athens-Clarke County have added enhancements to provide greater relief. In 2022, voters approved a referendum increasing the standard county exemption from $10,000 to $25,000 starting in 2023.
How Much Can You Save?
Let’s break it down:
The millage rate in Athens-Clarke County is approximately 31.25 mills (or 0.03125).
A $10,000 exemption reduces your taxable value by $10,000.
Using this rate:
Without an exemption: 200,000×0.4×0.03125=$6,250200,000×0.4×0.03125=$6,250
With a $10,000 exemption: 190,000×0.03125=$5,937.50190,000×0.03125=$5,937.50
Savings: $312.50 annually for every $10,000 exempted.
For the new $25,000 county exemption, savings could exceed $780 annually.
Deadlines and Where to File
To claim the homestead exemption for the current tax year:
Deadline: Applications must be filed by April 1 each year.
Location: File in person at the Athens-Clarke County Tax Commissioner’s Office:
Address: 325 E. Washington Street, Suite 250, Athens, GA 30603
If you miss the April 1 deadline, your application will apply to the following tax year.
Who Qualifies?
To qualify for a homestead exemption:
You must own and occupy your home as your primary residence as of January 1 of the tax year.
Vehicles must be registered in Clarke County.
You cannot claim an exemption on another property in Georgia or any other state
Special exemptions are available for seniors (65+), low-income homeowners meeting federal poverty guidelines, and disabled veterans.
How to Apply
Applying for a homestead exemption is straightforward:
Gather Required Documents:
Proof of ownership (e.g., deed or settlement statement).
Proof of residency (e.g., Georgia driver’s license or utility bill).
Vehicle registration showing Clarke County address
Visit the Tax Commissioner’s Office:
Complete an application form in person.
All owners listed on the deed must sign the application and homestead card.
Confirmation:
Once approved, your exemption is automatically renewed every year unless there’s a change in ownership or eligibility.
Why Apply?
The homestead exemption not only saves you money but also protects you from rising property values by reducing your taxable amount. Additionally, it opens eligibility for other credits or grants tied to primary residences. Don’t miss out on this opportunity! If you’re unsure about your eligibility or need assistance filing your application before April 1st, reach out to Sound Real Estate or visit the Athens-Clarke County Tax Commissioner’s Office today!