Homestead Exemption


APRIL 01 of tax year the exemption is being applied for & for which applicant is eligible to receive.

    ELIGIBILITY REQUIREMENTS FOR STANDARD HOMESTEAD EXEMPTION (S1):
    • MUST SUBMIT THIS COMPLETED & SIGNED ON OR BEFORE APRIL 01.
    • CAN CLAIM NO HOMESTEAD STATUS ON ANY OTHER PROPERTY
    • MUST OWN & RESIDE IN THE HOME JANUARY 1 (of tax year applying for)
    • MUST CONTINUE TO OWN/RESIDE IN THE HOME (to maintain eligibility)
    FOR AGE 65 & OVER 100% SCHOOL TAX HOMESTEAD EXEMPTION (L1) WITH STANDARD (S1):
    • SAME AS STANDARD (S1) ABOVE

      • *PLUS*
    • ONE APPLICANT MUST BE AGE 65 (OR OLDER) AT TIME APPLICATION IS MADE
    • APPLICANT MUST BE AGE 65 (OR OLDER) AS OF JANUARY 1 (of tax year applying for)
    • NO MINOR CHILD MAY RESIDE IN THE HOME EXCEPT THAT OF A NATURAL OR ADOPTED CHILD OF OWNER/APPLICANT, A FOSTER CHILD UNDER CARE OF OWNER/APPLICANT, A CHILD FOR WHOM OWNER/APPLICANT HAS BEEN APPOINTED LEGAL GUARDIAN, OR A CHILD TEMPORARILY RESIDING IN THE HOME FOR A PERIOD NOT MORE THAN ONE YEAR IN DURATION. DOCUMENTED PROOF OF ANY APPLICABLE EXCEPTION IS REQUIRED FROM APPLICANTS AGED 65 OR OVER WITH MINOR CHILDREN RESIDING IN THE HOME.
    EXEMPTION AMOUNTS
    STANDARD HOMESTEAD EXEMPTION (S1):
    • COUNTY MAINTENANCE & OPERATIONS (M & O): $8,000 ASSESSED VALUE*
    • FIRE DISTRICT TAX: $8,000 ASSESSED VALUE*
    • LOCAL SCHOOL MAINTENANCE & OPERATIONS (M & O): $2,000 ASSESSED VALUE
    AGE 65 & OVER 100% SCHOOL TAX HOMESTEAD EXEMPTION (L1) WITH STANDARD (S1):
    • COUNTY MAINTENANCE & OPERATIONS (M & O): $8,000 ASSESSED VALUE*
    • FIRE DISTRICT TAX: $8,000 ASSESSED VALUE*
    • LOCAL SCHOOL MAINTENANCE & OPERATIONS (M & O): 100% OF ASSESSED VALUE
    • LOCAL SCHOOL BOND INDEBTEDNESS: 100% OF ASSESSED VALUE

      • *Combined (when applicable) is a variable “Floating” Homestead Exemption (L7); value equals the amount of current tax year assessed value exceeding that of tax year immediately preceding current Homestead Exemption being granted (excludes additions or improvements to property).
    OTHER IMPORTANT INFORMATION
    • IF YOU ARE APPLYING FOR OR CURRENTLY RECEIVING A STANDARD (S1) HOMESTEAD, YOU MUST RE APPLY FOR ANY ADDITIONAL HOMESTEAD EXEMPTIONS (INCLUDING THE 65+ 100% SCHOOL “L1” EXEMPTION) SHOULD YOU LATER BECOME ELIGIBLE.
    • ONCE GRANTED AN EXEMPTION AUTOMATICALLY “CARRIES OVER” TO THE NEXT TAX YEAR, BARRING ANY CHANGE OF ELIGIBILITY (NO NEED TO RE APPLY EACH YEAR).
    • IF YOU PURCHASE & MOVE TO A NEW RESIDENCE YOU WILL NEED TO APPLY FOR HOMESTEAD EXEMPTION ON THE NEW PROPERTY (AND REMOVE SAME FROM YOUR PREVIOUS RESIDENCE).
    • IT IS YOUR RESPONSIBILITY TO NOTIFY OUR OFFICE IMMEDIATELY UPON ANY CHANGE OF ELIGIBILITY. OTHER HOMESTEAD EXEMPTION TYPES AVAILABLE
    • CERTAIN INCOME BASED EXEMPTIONS MAY BE AVAILABLE FOR HOMEOWNERS AGE 62 & OVER OR WHO RECEIVE DISABILITY BENEFITS. DISABLED VETERANS & SURVIVING SPOUSES OF MILITARY MEMBERS KILLED IN ACTION MAY ALSO BE ELIGIBLE.

    FOR MORE INFORMATION PLEASE CONTACT THE FORSYTH COUNTY BOARD OF ASSESSORS OFFICE AT 770.781.2106, OR VISIT:
    www.forsythco.com/Departments-Offices/Board-of-Assessors/Homestead-Exemption


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