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Decatur's tax exemption deadline is approaching! The city can accept homestead exemption applications for 2023 anytime between now and Apr. 3, 2023. However, homeowners are asked to apply for any new exemptions by March 15, 2023, in order for your exemptions to appear on your 1st installment 2023 property tax bill.
If you live at the property you own, you may qualify for one or more homestead exemptions or assistance programs for city taxes in 2023:
•General homestead exemption: This exemption reduced property taxes for resident homeowners by $274 in 2022.
•GS-1 exemption: The GS-1 saved most eligible homeowners $1,599 in 2022. You qualify to apply if you’re at least 62 as of Jan. 1, and your total household income does not exceed $25,000.
•S-1 exemption: The S-1 saved most eligible homeowners $210 in 2022. You qualify to apply if you are 62 or older as of Jan. 1 and the household income of you and your spouse does not exceed $10,000 excluding retirement income. Pensions and Social Security income do not count toward income for this exemption, but income such as salary, wages, rental income, dividends and interest are included.
•GH-2 exemption: Regardless of income, owners who are 65 as of Jan. 1 are eligible to apply for the GH-2. The GH-2 saves homeowners about $110 a year.
•S-2 exemption: The S-2 exempts owners over the age of 80 who live in their home from school taxes if household income is less than $40,000. This includes any type of income. This exemption may also qualify the owner for an offset of sanitation and storm-water fees.
•S-3/S-6 exemptions: Owners who are 70 may file for the S-3/S-6 regardless of income. Taxpayers may save up to $1,050 from the S-3 and $4,200 from the S-6. The S-6 will expire Dec. 31, 2023, subject to renewal or change through legislation and a referendum. The S-3 will remain on eligible homeowners’ accounts.
•S-5 exemption: Resident homeowners between the ages of 65 and 69 with household federal adjusted income under $53,000 may apply. The S-5 exempts $200,000 in assessed value from school taxes with annual savings up to $4,200. This exemption will expire Dec. 31, 2023, subject to renewal or change through legislation and a referendum.
•Disabled veterans can qualify for an exemption saving up to $3,477 if they reside at the property and have a 100 percent disability per the Department of Veterans Affairs.
If you’ve already applied for an exemption, you do not need to re-apply. But you’ll need to apply if you qualify for a new exemption based on age, income, if you are a new owner, or if you have moved within town. If you have only applied with the county, you must also apply with the city.
For details on how homestead exemptions are calculated or to apply for exemptions online, visit www.decaturga.com/homestead.
Original source can be found here.