I just helped a client complete a 1031 exchange and thought it would be helpful to explain a little bit more about the process. As always, I am not a financial advisor, so please seek
Don't forget to file for Homestead Exemption
Dated: February 2 2021
Did you purchase a new primary residence in 2020? If so, don't forget a very important upcoming deadline of April 1, 2021 to file for the Homestead Exemption. A homestead exemption is a legal provision that helps to reduce the amount of property taxes on owner-occupied homes. Applications must be submitted on or before April 1st.
- A person must actually occupy the home, and the home is considered their legal residence for all purposes.
- Persons that are away from their home because of health reasons will not be denied homestead exemption. A family member or friend can notify the tax receiver or tax commissioner and the homestead exemption will be granted. (O.C.G.A. § 48-5-40)
- tax commissioner's office,
- or in some counties the tax assessor's office has been delegated to receive applications for homestead exemption
If you need any further information, or can not locate your counties application, please let me know and I would be happy to assist!
Jeanine is a Chicago native and a 7 year resident of Peachtree Corners, GA. Jeanine and her family moved to Peachtree Corners in 2013 for her promotion with an Animal Health Pharmaceutical Company in....
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