How will local governments and property owners receive the money?
Property owners will receive the tax relief grant in the form of a $18,000 reduction of the assessed value of their property. Below are the steps of this process:
- Following preparation of property tax bills, local tax officials notify the Department of Revenue of the total anticipated revenue if all applicable millage rates were applied to all qualified homesteads. The local tax officials apply to the Department of Revenue for this money.
- The Department of Revenue issues credits appropriated by the General Assembly to the local taxing authorities. The credit cannot exceed liability once all applicable homestead exemptions and millage rollbacks have been applied.
- Appropriation of funds is conditional on local taxing authorities reducing a taxpayer’s liability and including a notice on the property tax bill which states that the reduction comes from the Governor and the General Assembly.
What if my county allows for payments through an installment plan?
Homestead owners will receive their credit in installments as well.
Does the Property Tax Relief Grant apply to rental property?
No. The Property Tax Relief Grant only applies to properties claimed as a homestead by a Georgia taxpayer filed prior to the April 1 deadline. Homesteads where the property owner does not owe property taxes will not receive a Property Tax Relief Grant.
What homestead exemptions are offered in the State of Georgia? Is the Property Tax Relief Grant considered a homestead exemption?
The Property Tax Relief Grant is different from a homestead exemption. The standard homestead exemption in Georgia is $2,000. This $2,000 is deducted from the 40% assessed value of the homestead. Additional homestead exemptions are offered for:
- seniors over 65,
- seniors over 62,
- disabled veterans, and
- the surviving spouses of public safety officers, firefighters, disabled veterans, and military members.
Georgia also offers a Floating Inflation-Proof Exemption for those over 62 based on natural increases in a homestead’s value. Because some homestead owners do not owe taxes on their homestead, some of these homestead owners will not qualify for the Property Tax Relief Grant.
What happened to previous Property Tax Relief Grants?
The Property Tax Relief Grant program was created by the Governor and the General Assembly in the late 1990s and discontinued following the 2008 Recession. Following FY 2009, the General Assembly can only appropriate Property Tax Relief Grants to local taxing authorities if certain limitations are met. Those limitations prohibit Property Tax Relief Grants unless estimated revenues for the current fiscal year exceed estimated revenues available for appropriation as enumerated in the budget of the most recent fiscal year in which Property Tax Relief Grants were appropriated by 3 percent plus Consumer Price Index inflation as reported by the Bureau of Labor Statistics of the United States Department of Labor. Due to the State’s excess reserves, these limitations have been met and the Governor and General Assembly can appropriate the Property Tax Relief Grants.
What if a credit is erroneously granted?
It is recoverable in the same manner as other delinquent ad valorem taxes. Likewise, local taxing authorities must provide the property tax relief grant if one was erroneously denied.
What millage rates does this Property Tax Relief Grant apply to?
The Property Tax Relief Grant applies to all millage rates except for bond millage rates and tax allocation district millage rates.
What section of Georgia law speaks to the Property Tax Relief Grant?
O.C.G.A. §36-89-1 et seq.
Will I receive a paper check and/or direct deposit?
No. The Property Tax Relief Grant is shown as a reduction of your property tax bill. You will see savings on your bill, but you will not receive a check in the mail or a payment via direct deposit.
I applied for my homestead after April 1, 2023. Am I eligible for the grant?
No. Georgia law requires individuals to make an application for homestead between January 1 and April 1 to receive a homestead exemption for the current tax year. Any application filed after April 1 is applied to the following tax year.
2023 Property Tax Relief Grant
Note: Property taxes are primarily a local issue. For further information, please contact your local officials who may be the best resource to provide help.
The one-time Property Tax Relief Grant is a budget proposal by Governor Brian Kemp to refund $950 million in property taxes back to homestead owners in the Amended Fiscal Year 2023 budget. This proposal became law when Governor Kemp signed HB 18 on March 13, 2023. The Property Tax Relief Grant may also be known as the Homestead Tax Relief Grant.
With $950 million appropriated to the Department of Revenue in the Amended Fiscal Year 2023 budget, the Department of Revenue will be able to reduce the assessed value of Georgia homesteads by $18,000 (Ga. Const. Art. VII, §IIA, Para. I).
FAQs for Property Owners
FAQs for Local Governments
County Tax Digest Submission
The County Tax Digest Submission section is information for local county tax assessors, appraisers, and tax commissioners