Tax break for seniors - WALB.com, Albany News, Weather, Sports

Tax break for seniors

  • More WALB News10 HeadlinesMore News Headlines

  • Tuesday, May 21 2013 6:00 PM EDT2013-05-21 22:00:14 GMT
    Information from APD- Thanks to donations from the City of Albany and several local businesses, the Albany Area Crime Stoppers Board got valuable information on a double murder. They rewarded a sole
    Thanks to donations from the City of Albany and several local businesses, the Albany Area Crime Stoppers Board got valuable information on a double murder.
  • Tuesday, May 21 2013 5:45 PM EDT2013-05-21 21:45:12 GMT
    On Tuesday Albany city commissioners tentatively approved the funding needed to train and equip 30 employees for a dive team.
    On Tuesday Albany city commissioners tentatively approved the funding needed to train and equip 30 employees for a dive team.
  • Tuesday, May 21 2013 5:08 PM EDT2013-05-21 21:08:35 GMT
    Some folks in South Georgia frantically tried to get in touch with loved ones who live near the destruction in Oklahoma. Leesburg's Wendy Mathis has a brother who lives in Oklahoma City and works in
    Some folks in South Georgia frantically tried to get in touch with loved ones who live near the destruction in Oklahoma. Leesburg's Wendy Mathis has a brother who lives in Oklahoma City and works in Bethany, just 10 miles north of Moore. Albany native Liz Barfield recently relocated to a city nearby Moore, Oklahoma.

April 26, 2006

Camilla - The plan would exempt senior citizens from having to the state portion of their property tax. On a $100,000 home, it would be a yearly savings of about $25.

Perdue says the homestead exemption is a thank you to those 65 and older. It's not final yet. Voters must approve the tax break at the polls in November.

If approved, it will go into effect next year and could help those on a fixed budget. Mitchell County Chief Appraiser Kenny Cox says, "You've got a lot of people aged 65 or older, their spouse has passed away and all they have is the social security and some of them don't have any retirement."

Although the tax break may help seniors, it could cost Georgia big bucks. It is estimated to cost $6.8 Million in 2008, even more in 2009.

feedback: news@walb.com?subject=SeniorTaxBreak