Georgia Property Owners Receive Tax Break

A state grant will provide some relief for Georgia homeowners due to the Homeowner’s Tax Relief Grant, or HTRG, credit worth $18,000 toward assessed values of homes, which will lower amounts owed for portions of their tax bill.

The credit was approved by the Georgia General Assembly in their session earlier this year and signed by Gov. Brian Kemp in March.

As explained by the Department of Revenue, “the one-time Property Tax Relief Grant is a budget proposal by Governor Brian Kemp to refund $950 million in property taxes back to homestead owners in the Amended Fiscal Year 2023 budget.” You can learn more about the tax credit and how it will impact you and your clients tax bill at the Georgia Department of Revenue’s website.