The Georgia General Assembly passed a Property Tax Relief Grant program funding that was included in House Bill 18, the Amended Fiscal Year 2023 (AFY 2023) budget. Proposed by Governor Brian Kemp, this program will provide every eligible Georgia homeowner a chance to receive an $18,000 exemption for their assessed home value on their 2023 property tax bill.

During the 2023 legislative session, the Georgia General Assembly dedicated $950 million in the AFY 2023 budget to establish the one-time Property Tax Relief Grant program. This proposal became law when Governor Kemp signed HB 18 on March 13, 2023. The Georgia Department of Revenue (DOR) will be able to reduce the assessed value of Georgia homesteads by $18,000.

Following the preparation of property tax bills, local tax officials will notify the DOR of the total anticipated revenue if all applicable millage rates were applied to all qualified homesteads. The local tax officials apply to the DOR for this money, and the DOR would issue credits to the local taxing authorities accordingly. The credit cannot exceed liability once all applicable homestead exemptions and millage rollbacks have been applied. This exemption will apply to properties claimed as a homestead by a Georgia taxpayer filed prior to the April 1 deadline.

For more information on this program, please click here.