Bolaji Ayodele, Realtor

What is it??
Basically Homestead Exemption is a special provision in a state’s tax laws that reduces the property taxes you have to pay on your home.

How??
You are entitled to Homestead Exemption on your home, and the land underneath, provided the home was owned by the you and was your legal residence as of January 1, 2020.

If you qualify for a homestead exemption, you’ll save money on your annual tax bill by reducing the value of your home subject to tax based on: a flat-dollar exemption, or percentage exemption.

This reduces the taxable value of your home, meaning you get to pay less to the government. Everyone wins.

Deadline??
Property Tax Returns are required to be Filed by April 1
Homestead applications that are filed after April 1 will not be granted until the next calendar year.

An important note is that Homestead Exemptions vary from state to state, so be sure to be in touch with your local county office for any clarification you might need.

With about a week left, be sure you've filed and if not, feel free to reach out with any questions you might have.

Often our biggest driving force is our curiosity, and I for one am here to inspire yours if you'll indulge me.

With the link below you'll be able to get a free and expansive report based on the address you put in. This could be based on the area where you currently live, a location you have in mind that you'd like to move to, or somewhere random that you'd like to know more about.

Please give this a try; I would appreciate the feedback on your experience with it!

marvelhomesatl.com