Deadline For Filing Homestead Exemption Is Near
The beginning of a new year reminds us that the tax season is soon approaching.
As a first time home buyer or if you recently purchased a new property, you have a tremendous tax advantage and may be eligible for what is known as Homestead Exemption. The term homestead exemption can refer to exemptions from property tax that homeowners can claim. It can also refer to homestead protection, which protects a person's primary residence in the case of financial hardship, such as the death of a spouse.
Homestead Exemption laws are not the same in all states. Some states provide automatic protection under the law, while other states require the filing of a claim for Homestead Exemption. In Georgia,