It’s that time of year again! New resolutions, new goals, new taxes to file. If you purchased a home in 2018, you might be eligible for a tax relief that could reduce the taxable value of your home. This bit of tax-season love is called a Homestead Exemption, and here are a few things you should know:

There are several different variations of Homestead Exemptions that you may qualify for. These exemptions vary depending on age, marital status, and military affiliation. Listed below are the current exemptions in Camden County and their qualifications:

  1. STANDARD HOMESTEAD EXEMPTION The homestead of each resident of Georgia that is actually occupied and used as the primary residence by the owner may be granted a $2,000 exemption from state, county, and school taxes.

  2. INDIVIDUALS 65 YEARS OF AGE AND OLDER Individuals 65 years of age or over may claim a $4,000 exemption from all state and county ad valorem taxes if the income of that person and his spouse does not exceed $10,000 for the prior year. Income from retirement sources, pensions, and disability income is excluded up to the maximum amount allowed to be paid to an individual and his spouse under the federal Social Security Act.

  3. INDIVIDUALS 62 YEARS OF AGE AND OLDER Individuals 62 years of age or over that are residents of each independent school district may claim an additional exemption from all ad valorem taxes for educational purposes and to retire school bond indebtedness if the income of that person and his spouse does not exceed $10,000 for the prior year. Income from retirement sources, pensions, and disability income is excluded up to the maximum amount allowed to be paid to an individual and his spouse under the federal Social Security Act.

  4. FLOATING INFLATION-PROOF EXEMPTION
    Individuals 62 Years of age or over may obtain a floating inflation-proof state and county homestead exemption, except for taxes to pay interest on and to retire bonded indebtedness, based on natural increases in the homestead's value. Income, together with spouse or any other person residing in the house, cannot exceed $30,000.

  5. DISABLED VETERAN
    A qualified disabled veteran may be granted an exemption of the greater of $32,500 or the maximum amount which may be granted to a disabled veteran under Section 2102 of Title 38 of the United States Code, as amended.

  6. UNREMARRIED SURVIVING SPOUSE OF MEMBER OF ARMED FORCES KILLED IN ACTION
    The surviving spouse of a member of the armed forces who was killed in any war or armed conflict will be granted a homestead exemption from all ad valorem taxes for state, county, municipal and school purposes in the amount of the greater of $32,500 or the maximum amount which may be granted to a disabled veteran under Section 2102 of Title 38 of the United States Code, as amended.

  7. UNREMARRIED SURVIVING SPOUSE OF PEACE OFFICER OF FIREFIGHTER KILLED IN THE LINE OF DUTY
    The surviving spouse of a peace officer or firefighter who was killed in the line of duty is granted an exemption on that person's homestead from all ad valorem taxes for the full value of that homestead. The surviving spouse will continue to be eligible for the exemption as long as they do not remarry.

If you qualify for any of the aforementioned exemptions, you are one step in the right direction! However, certain restrictions still apply. In order to qualify for any Homestead Exemption you must have occupied the property as your primary residence as of January 1 of the current year, and file no later than April 30th. Unfortunately your beautiful second home does not qualify.

Interested in saving money? You can file for your Homestead Exemption for free through the Camden County Tax Assessor’s office, or you can mail in the application found on the Tax Assessor’s website. Just a few minutes and a couple strokes of a pen could save you thousands!

Visit the Camden County Tax Assessor’s office website here for more information and access to the application: http://www.qpublic.net/ga/camden/exemptions.html