If you are 62 or fast approaching that age, here's one reason why Cobb and Cherokee Counties are excellent choices!
Did you know that in both Cobb and Cherokee Counties you can have your school taxes removed from your yearly tax bill?
That's right! In Cobb County, the school tax represents approximately two-thirds of your property tax bill, which would afford you a huge tax savings every year. In Cherokee County, it is approximately two-thirds of the property taxes. And this tax reduction is on top of the reduction for your Homestead Exemption.
Every year there are some changes, so please confirm this information with the respective tax offices. Here is the general way this program works:
The home you claim for an exemption must be your primary residence. The taxes are based on your status as of January 1st of each year. If you were to turn 62 this year, you would be eligible to receive the senior exemption next year.
In Cherokee County, you will be exempted from school taxes for the appraised value of your home up to $358,475 (2009). After that amount, your school taxes would be included in your tax bill.
In Cobb County, you are exempted from school taxes for the entire appraised value of your home, no matter how much your home is worth.
Both counties also permit you to have the customary Homestead Exemption, which is the exemption allowed because this is your primary residence -- your "homestead."
Tax exemptions in both counties are filed between January 1st and June 30th of the year after you are eligible. So, for instance, if you are 62 this year and you move into a new home on April 23, 2009, you will be able to file for your exemptions beginning the following January for the next year's taxes.
You can find information on Cobb County Taxes by calling 770-528-8600. You may call Cherokee County at 770-479-0433. In either county just ask about their senior tax exemptions.
You've worked hard all your life and have goals and dreams that are not the same as a first-time home buyer. Make sure that you find a Realtor who can help you take these goals and turn them into a real estate decision which will protect your future.
Please feel free to call or email me if you'd like more information on buying a home in these beautiful areas! Also, be sure to check out the Senior Section of my Favorite Links page for some great senior websites.
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