How does homestead exemption work in ga

You can use the homestead exemption toward real or personal property used as your residence, including your home, condominium, or co-op. You are also allowed to exempt burial plots with the Georgia homestead exemption. To protect your home, you also need to know the differences between Chapters 7 and You can double the Georgia homestead exemption if you are married, filing a joint bankruptcy, and own the property together.

Learn more about the advantages and disadvantages of filing joint bankruptcy by reading Bankruptcy Options for Married Couples. Some states allow bankruptcy filers to use federal bankruptcy exemptions instead of state exemptions.

Georgia is not one of those states. If you reside in Georgia, you must use the state exemptions. To learn how to find state statutes, check out Laws and Legal Research. Georgia bankruptcy exemption amounts are adjusted periodically to account for inflation. This includes the homestead exemption. Before filing bankruptcy, check the latest exemption amounts to determine if the equity in the property that is important to you is exempt. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site.

The attorney listings on this site are paid attorney advertising. In some states, the information on this website may be considered a lawyer referral service.

South Service Center. If you are low-income and want help from a lawyer with homestead exemptions, call the Home Defense Program intake line at If you are over 60 years old, you can call the Georgia Senior Legal Helpline as well at If you live in a home you own, you may be able to reduce your property taxes by making sure you are taking advantage of all exemptions.

This is especially important as property values continue to rise across Fulton County and the metro area. To qualify for homestead exemptions, the property owner claiming the exemption must own, occupy, and claim the property as their legal residence on January 1 of the year in which they first qualify for the exemption.

In addition to basic homestead exemptions, there are other exemptions available for seniors. These exemptions have requirements for both age and income. Some require an age of 62 and others require that the applicant is age 65 or Exemptions are available for people qualifying for full disability and other special circumstances. Homeowners must apply for exemptions — they do not take effect automatically. Basic homestead exemptions renew each year automatically as long as you own the home.

These include basic homestead exemptions as well as homestead exemptions for seniors, low income homeowners, surviving spouses of public safety and military personnel killed in the line of duty, and others. Homeowners may qualify for different homestead exemptions from the various taxing jurisdictions including school system, cities, and Fulton County. View the Homestead Exemption Guide.