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Welp... submitted a Homestead Exemption application...
#1
... to Paulding County, as my wife has just turned 65. At age 65 property owners qualify to be exempt from paying 50% of the school tax, which in our case is roughly 2/3 of the total property tax. At age 68 property owners qualify to be exempt from paying 100% of the school tax.

Anything to save money, these days, especially with housing values doing the bottle rocket imitation, and thereby property taxes and insurance also doing the same imitation.
John 14:6

Jesus said to him, “I am the way, and the truth, and the life; no one comes to the Father but through Me."

1 Timothy 2:5-6

For there is one God, and one mediator also between God and men, the man Christ Jesus, who gave Himself as a ransom for all, the witness for this proper time.

Acts 4:12

And there is salvation in no one else; for there is no other name under heaven that has been given among men by which we must be saved.”
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#2
good reminder, thanks! Mind reminding me again in 10 years? TIA!
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#3
You should also appeal your assessed value all the way to the board of equalization. By state law, even if you lose your assessed value is frozen for 3 years. I appealed in 2022 and actually won. I've kept them from raising my value by over $350k the last 3 years compared to my neighbors who thought I was nuts for filing the appeal.
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#4
(08-06-2024, 02:50 PM)Replying to Milldawg

In 10 years I probably won't remember anything. Smile

(08-06-2024, 02:54 PM)Replying to redpantsdawg

Interesting. I didn't know it would freeze your assessed value for 3 years. That, alone, is motivation enough to appeal.

I think the window for appeals has ended? I can't remember the deadline. I know payments go out in October.

I think the state needs to implement something to put a cap on increases. My property tax has gone up in big jumps several times in past years.
John 14:6

Jesus said to him, “I am the way, and the truth, and the life; no one comes to the Father but through Me."

1 Timothy 2:5-6

For there is one God, and one mediator also between God and men, the man Christ Jesus, who gave Himself as a ransom for all, the witness for this proper time.

Acts 4:12

And there is salvation in no one else; for there is no other name under heaven that has been given among men by which we must be saved.”
Reply
#5
You should also appeal your assessed value all the way to the board of equalization. By state law, even if you lose your assessed value is frozen for 3 years. I appealed in 2022 and actually won. I've kept them from raising my value by over $350k the last 3 years compared to my neighbors who thought I was nuts for filing the appeal.

(08-06-2024, 03:33 PM)Replying to redpantsdawg

Sorry for the double posting.  Computer is nuts today.
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#6
(08-06-2024, 03:33 PM)Replying to redpantsdawg

That's wild.

On the topic of housing values, and their going up so much (~$350k in 3 years, for example)... Our housing market ... Georgia, as a whole.. probably everywhere... is wildly overpriced.... another housing bubble... I wonder what may come from all of this? Lots of out of state LLCs have bought a bunch of houses and have turned them into overpriced rental houses. I wonder what is still yet to come with all of this? This current situation certainly isn't sustainable.
John 14:6

Jesus said to him, “I am the way, and the truth, and the life; no one comes to the Father but through Me."

1 Timothy 2:5-6

For there is one God, and one mediator also between God and men, the man Christ Jesus, who gave Himself as a ransom for all, the witness for this proper time.

Acts 4:12

And there is salvation in no one else; for there is no other name under heaven that has been given among men by which we must be saved.”
Reply
#7
why do the elderly have to pay school taxes?
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#8
(08-06-2024, 05:25 PM)Replying to ugafan49

Agreed. It appears to be on a county by county basis. Rockmart is in Polk County, and ... so I understand, based upon what I heard people saying... there is no sunset on paying the school tax in Polk County. That's nuts.

Cobb County allows you to stop paying it at 60-something... I forget which. I had always thought that in Paulding County you stop paying it at 65. But, I found out today that at 65 it is cut down to 50%. Then, at 68 you are exempt from 100% of the school tax.
John 14:6

Jesus said to him, “I am the way, and the truth, and the life; no one comes to the Father but through Me."

1 Timothy 2:5-6

For there is one God, and one mediator also between God and men, the man Christ Jesus, who gave Himself as a ransom for all, the witness for this proper time.

Acts 4:12

And there is salvation in no one else; for there is no other name under heaven that has been given among men by which we must be saved.”
Reply


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