1. Any person age 62 or older who is entitled to homestead exemption may elect to defer payment of ad valorem taxes on their homestead by filing an annual application for tax deferral.
    
2. The maximum amount to be deferred shall apply only to the taxes on that portion of the assessed value which is $50,000 or less.
    
3. The amount of taxes deferred shall accrue interest at the rate of 3/4 of one percent per month until paid.
    
4. The taxes and interest deferred shall constitute a lien on the applicant’s homestead.
    
5. Conditions:
   
   
   1. Applicant must be 62 years of age or older on January 1of the tax year.
       
   2. Applicant must be entitled to claim a regular homestead exemption.
       
   3. The gross household income for the immediately preceding calendar year cannot exceed $15,000. This means all income from whatever source for all persons residing within the homestead. No exclusions.
       
   4. Applicant shall furnish proof of fire and extended coverage in an amount which is in excess of the sum of all outstanding liens and deferred taxes and interest with a loss payable clause to the Tax Commissioner.
       
   5. The total amount of deferred taxes and interest plus the total amount of an unsatisfied lien on the homestead cannot exceed 85% of the fair market value of the homestead as shown on the tax digest for the immediate preceding tax year.
       
   6. Application for tax deferral must be made each year and must be filed on or before March 1 of the year for which the deferral is sought.
       

Any additional information not contained herein may be obtained by calling the Tax Commissioner’s Office at 912-652-7100 or the Assessor’s Office at 912-447-4856. (Refer to GA Code Ann. 48-5-70). [Map & Directions]

Please note that you may use the following e-mail address for additional information: boa@chathamcounty.org

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