The Homestead Exemption Program is a valuable opportunity for eligible Marion County Property Appraiser residents. It allows them to safeguard a portion of their primary residence’s market value from taxes. Per the auditor’s guidelines, qualifying homeowners are exempt from property taxes for $25,000 of their home’s market value.
For instance, a home valued at $100,000 by a district auditor would be taxed at $75,000, resulting in significant tax savings. It’s important to note that these savings may vary depending on your tax district.
Exemption Eligibility: Requirements and Guidelines
Disabled veterans with a service disability rating of 100% are exempt from the verifier market value of $50,000.
Qualifying requirements for 2022:
- Property owners must meet specific criteria to be eligible for the Homestead Exemption. They should be at least 65 years old in the year they apply. Alternatively, if they are under 65, they must be permanently disabled (proof of impairment is required). These clear eligibility criteria ensure that all eligible residents can benefit from the program.
- Veterans with 100% service-related disabilities. (A copy of the US Department of Veterans Affairs letter indicating disability classification is required)
- Have a 2021 modified adjusted gross income that does not exceed $34,600. (Requires proof of income).
- Homeowners who have already benefited from the Homestead Exemption and have recently moved house must submit an additional application.
- Applications for the 2022 tax year are now available from the Marion County Auditor’s Office, located at 222 W Center St, Marion, Ohio. Alternatively, you can download the Homestead waiver forms by clicking here. It’s crucial to note that applications must be presented by December 31 to be considered for the current tax year.
Various property exemptions have been enacted to reduce the ad valorem tax burden on Georgian property owners. The exemptions apply to family assets owned by the taxpayer and used as a legal residence (some exceptions to this rule applied, and your tax inspector can explain them).
The taxpayer must submit the initial application to benefit from the family exemption. In Marion County, this application is submitted to the Board of Reviewers. Georgia law allows applications for residencies to be submitted throughout the year. However, the application must be received by March 1 of the year the taxpayer applies for the exemption for the first time. Applications received after this period will be considered for the following year.
Once granted, the homestead exemption automatically renews each year, and the taxpayer only needs to re-apply if there is a change in ownership or the taxpayer is trying to qualify for another type of exemption.