Moving to Paulding County GA - Save on Property Taxes with Homestead Exemption
MOVING TO PAULDING COUNTY?
HERE ARE THE WAYS YOU CAN SAVE WITH HOMESTEAD EXEMPTION
If you purchase a home in the past year or are currently a homeowner you are going to want to file for Homestead Exemption.
Exemptions are not automatic and each exemption must be applied for individually.
You will need a copy of your home's closing statement to make some of the calculations. These statements sometimes get mixed up with the other closing documents, so make sure you have them available.
You are likely aware that qualifying mortgage interest and property taxes paid on the home are tax deductible. However, other legitimate deductions are often overlooked. For example, points paid to secure the mortgage, whether paid by the buyer or by the seller on behalf of the buyer, are generally accepted as interest and deductible.
Interest to the end of the month shown on the closing statement is qualified interest and it may not show on the year-end statement supplied by the lender. A prepayment penalty to retire a mortgage or unamortized points not previously deducted may be deducted on the return in the year they were paid.
SENIOR SCHOOL TAX AND SPECIALIZED HOMESTEAD EXEMPTIONS
Homeowners over the age of 65 may qualify for school tax exemption.
There are specialized exemptions for homeowners with a total and permanent disability, veterans with 100% service-connected disability, and the surviving spouse of a peace officer or firefighter killed in the line of duty. Additional documentation is required to apply for these exemptions.
Voters within the City Limits of Hiram approved a special homestead exemption in 2017. Homeowners within the City of Hiram currently receiving homestead exemption will automatically qualify for the new exemption. For more information on Hiram’s homestead exemptions please go to Available Homestead Exemptions listed below.
How and Where to Apply For Homestead Exemption
Applications for Homestead Exemptions must be filed with the Paulding County Board of Assessors using the form:
- Homestead Exemption Application
- Other Available Exemptions
- Where and When to File
- Q & A - Homestead Exemption
Homestead Exemption applications can be emailed to [email protected] or faxed to 770-443-7539.
Listing information last updated on September 30, 2023 at 4:30 PM EST.