Why it matters to you
The seller's current bill may be lower than yours will be: their exemptions end when they sell, and the county may reassess the home at the price you paid. Budget for your own bill, and apply for the homestead exemption.
Related
infoGeneral 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.