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Be Aware: New State Tax Law Went into effect Jan. 1 | Business

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Be Aware: New State Tax Law Went into effect Jan. 1
Be Aware: New State Tax Law Went into effect Jan. 1

Hall County, GA--  (submitted by Hall County)

Under Georgia tax law applied in Jan. 2010, property owners may apply for a tax exemption year round (except for the Conservation Use exemption), but only exemptions filed by April 1 will apply to the current year tax statement. There are more new changes effective Jan. 1, 2011 as a result of S.B. 346.

• Property owners have 45 days to file an assessment appeal rather than 30 days.

• Property purchased in 2010 for less value than the county assessment of record will be taxed for 2011 at that lower value; but if the purchase price is higher, the county cannot raise the taxable value. So if you bought a $400,000 house in foreclosure for only $150,000, the county can only tax you for $150,000.

• The county is required to send every taxpayer an assessment notice each year, whether there has been a change in the value or not. The notices go out at the beginning of the summer. Property owners can request a reappraisal of their property at that time, without being required to file a tax return.

Aside from the new state law, the City of Gainesville residents now get a total school tax exemption at age 70 (instead of 72), just like the county residents.

For more information, please contact the Tax Assessors at 770-531-6725 or email Don Elrod, Interim Chief Appraiser/Administrator, at delrod@hallcounty.org.

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