Homestead Exemption
Each homeowner resident of the City of Forest Park as of January 1st is eligible for an exemption from property taxes. The exemption provides a reduction to the assessed value of the homestead. An application form, available at City Hall, is required to be completed between January 2nd and April 1st, stating that the applicant owns the house and lived in it on January 1st of the taxable year. Homeowner must bring a valid Georgia Driver's License or ID with your current address. Homestead exemptions are not automatically granted when residential property is purchased and are only granted if the County has also given the homeowner applicable homestead exemption. Once qualified, exemption will remain as long as homeowner occupies the same house or there are no name changes.
The following exemptions are offered by the City for application, for homeowners living in the home on January 1st of the taxable year:
Regular Exemption ($1,000) - Application is made one time only and is applied to property each year unless there is a change.
Age Exemption ($10,000) - Homeowner who is 65 years of age or older before January 1st, and income does not exceed $15,000. Do not include: Social Security, Survivor, Disability Income, or retirement. Include only income from work.
Disability Exemption ($10,000) - Homeowner who is totally disabled. This application is made one time only and must be accompanied by a letter from a licensed physician stating TOTAL AND PERMANENT DISABILITY.
Veterans Disability Exemption ($50,000) - Homeowner who served in a period of war, and is TOTALLY DISABLED by one of the following: Loss of or loss of use of both lower extremities, blindness, inability to move around under one's own power, etc. This exemption requires a letter of eligibility from the Veteran's Administration.
Additional Regular Exemption ($150,000) - This application is made one time only and is automatically renewed each year as long as the owner occupies the residence as a homestead.