Posts: 1,545
Threads: 449
Joined: Dec 2023
... 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.
Posts: 730
Threads: 17
Joined: Dec 2023
good reminder, thanks! Mind reminding me again in 10 years? TIA!
Posts: 95
Threads: 5
Joined: Dec 2023
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.
Posts: 1,545
Threads: 449
Joined: Dec 2023
08-06-2024, 03:04 PM
(This post was last modified: 08-06-2024, 03:06 PM by RockmartDawg.)
(08-06-2024, 02:50 PM)Replying to Milldawg
In 10 years I probably won't remember anything.
(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.
Posts: 95
Threads: 5
Joined: Dec 2023
08-06-2024, 03:33 PM
(This post was last modified: 08-06-2024, 03:35 PM by redpantsdawg.)
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.
Posts: 1,545
Threads: 449
Joined: Dec 2023
(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.
Posts: 3,689
Threads: 65
Joined: Dec 2023
why do the elderly have to pay school taxes?
Posts: 1,545
Threads: 449
Joined: Dec 2023
(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.
