Homestead exemptions available to Fannin residents

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BLUE RIDGE, Ga. – At their Jan. 12 meeting, the Fannin County Board of Assessors discussed changes to homestead exemptions for 2018 as mandated by the Georgia Department of Revenue.

The maximum amount of social security and retirement income for senior households seeking homestead exemptions has increased from $64,488 in 2017 to $66,912 this year. In addition, the exemption amount for disabled veterans, un-remarried surviving spouses of disabled veterans, or un-remarried surviving spouse of a service member killed in action has increased from $77,307 in 2017 to $81,080 this year.

Here is a current list of homestead exemptions available to Fannin County tax payers in 2018:

  • Standard Homestead Exemption – available to Fannin County residents for property up to 10 acres deemed to be residence, deducts $2,000 off the 40 percent assessed value for county and school mill rate levies and establishes a freeze on the assessed value of such property for county mill rate levy;
  • Homestead for 62 and older – available to Fannin County residents for property up to 10 acres deemed to be residence, deducts $2,000 off assessed value for county mill rate levy  and $20,000 off assessed value for school mill rate levy if income falls between $10,000 and $20,000 and social security and retirement income is less than $66,912, deducts $2,000 off assessed value for county mill rate levy and $30,000 off the assessed value for school mill rate levy if income is less than $10,000 and social security and retirement income is less than $66,912 and freeze on the assessed value of such property for county mill rate levy;
  • Homestead for 65 and older –  available to Fannin County residents for property up to 10 acres deemed to be residence, deducts $2,000 off assessed value for county mill rate levy  and $20,000 off assessed value for school mill rate levy if income falls between $10,000 and $20,000 and social security and retirement income is less than $66,912, deducts $4,000 off assessed value for the county mill rate levy and $30,000 off the assessed value for school mill rate levy if income is less than $10,000 and social security and retirement income is less than $66,912 and freeze on the assessed value of such property for county mill rate levy;
  • Homestead for 70 and older – available to Fannin County residents for property up to 10 acres deemed to be residence, deducts $2,000 off assessed value for county mill rate levy  and $20,000 off assessed value for school mill rate levy if income falls between $10,000 and $20,000 and social security and retirement income is less than $66,912, deducts $4,000 off assessed value for the county mill rate levy and $30,000 off the assessed value for school mill rate levy if income is less than $10,000 and social security and retirement income is less than $66,912 and establishes a freeze on the assessed value of such property for county and school mill rate levy.
  • Disabled Veterans Homestead Exemption – available to 100 percent disabled veterans, un-remarried surviving spouse of a disabled veteran or un-remarried surviving spouse of a service member killed in action, deducts $81,080 off of maintenance and operations portion of the county and school mill rate levies, and establishes freeze on assessed value of homestead property for county mill rate levy; and
  • Un-remarried Surviving Spouse of Firefighter or Peace Officer Killed in the Line of Duty – granted total exemption from county and school tax levies.

The deadline for applying for a homestead exemption in 2018 is April 1. For further information concerning homestead exemptions, visit the Fannin County Board of Assessors office at suite 102 of the courthouse on 400 West Main Street in Blue Ridge or call the office at 706-632-5954.

 

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Author

Jason Beck

Born in Merrillville, Indiana, raised in Cleveland, Tennessee, and currently resides in Copperhill, Tennessee. Graduated from Bradley Central High School in 1996 and attended the University of Tennessee at Chattanooga, eventually earning a B.A. and M.A. in English. Hobbies include hiking, camping and fly-fishing. Interests include baseball, hockey and cliff jumping.

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