Additonal Forsyth County Property Tax Exemptions:
Total School Tax Homestead Exemption: Homeowners who are 65 years of age on or before January 1 are entitled to a full exemption in the school general and school bond tax categories. You must furnish proof of age when you apply.
Other School Tax Homestead Exemptions: Homeowners who are 62 years of age on or before January 1 may be eligible for school tax exemptions that are based on income. Local legislation grants school tax exemption on your home and 3 acres, or $20,000, whichever is greater. Gross income from the entire household cannot exceed $16,000. State law grants a $10,000 school tax exemption against the school portion of the millage rate, provided that your Net Income is $10,000 or less.
Double Homestead: Homeowners who are 65 years of age on or before January 1 may be eligible for a double ($16,000) homestead exemption. To qualify, the Gross Income from all sources in the houselhold cannot exceed $40,000.
Labels: forsyth county, homestead exemption, property tax, school tax
