What is a property tax abatement?

A property tax abatement is a special program offered by the state of Georgia. It allows a property owner to reduce or eliminate a portion of their property taxes. The state sets specific criteria to qualify for an abatement, and if a property owner meets those criteria, they may be eligible for the program. In general, property owners must be able to demonstrate a need for the abatement, such as financial hardship or a desire to keep their taxes low. If a property owner qualifies for the program, they can receive a significant reduction in their property tax burden. For example, they may be exempt from paying taxes on a certain amount of property value. They may also be eligible for a tax credit or rebate, which can reduce the amount of taxes they owe. Additionally, they may be eligible for a deferred payment plan, which allows them to pay their taxes over a longer period of time. Property tax abatements can provide property owners in Georgia with relief from high taxes. It is important to research the exact criteria to qualify for the program and to understand what is included in the abatement. Knowing the details of the program can help property owners make the most of the property tax abatement.

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