Wednesday, May 23, 2001

This could help some save on taxes

One of my neighbors recently informed me of considerable property tax savings. I could have taken advantage of this three years ago. The information is on the back of your tax bill, but I never look there after getting over the "sticker shock" amount on the front.

The following is taken from a brochure I picked up at the tax office, "Important Tax Information, Fayette County, George Wingo, Tax Commissioner":

"Homeowners 65 years and older, or homeowners that are totally disabled and receive a net taxable Georgia income less than $15,000 (which includes the net taxable income of each member of the person's family who resides in the homestead) receives a 100 percent local school exemption."

"Homeowners 65 years and older, or homeowners that are totally disabled (with no income limitations) receive a 50 percent local school exemption."

"Local county exemptions for county m&o [maintenance and operations] and fire protection are increased to $5,000 where applicable."

Residents who may fall under one of the above criteria have only until June 1 to apply for these exemptions. Take a copy of your latest Georgia income tax return with you to the tax office. Check Line 15 to be sure you are eligible.

John Regan

Fayetteville


What do you think of this story?
Click here to send a message to the editor.

Back to Opinion Home Page | Back to the top of the page