# Homestead exemption

> A reduction in the taxable value of the home you live in, which lowers your property tax. In Georgia, if you own and live in the home on January 1, apply to your county by April 1.

By David Knorr, founder of BuyWise Home. Last reviewed October 28, 2026. Web page: https://www.buywisehome.com/guide/glossary/homestead-exemption

## Why it matters to you

It isn't automatic: if you don't apply, you pay more every year. Some counties offer extra exemptions too, so ask your county tax office what you qualify for.

## Related

- [Step 8: Close and move in](https://www.buywisehome.com/guide/close-and-move-in)
- [Property tax](https://www.buywisehome.com/guide/glossary/property-tax): A yearly tax on the home's value, usually paid monthly through your mortgage.
- [Escrow](https://www.buywisehome.com/guide/glossary/escrow): Money held by a neutral party until the deal closes, and later, your tax and insurance account.

_General information based on the standard Georgia REALTORS® purchase contract and public guidance. Your own contract decides: read it, and ask your agent or closing attorney about anything that matters. Not legal or financial advice._