Property Ownership
In Georgia, the homestead exemption reduces the assessed value of an owner-occupied primary residence for property tax purposes by:
A$5,000
B$10,000✓ Correct
C$25,000
D100% of value
Explanation
Georgia's standard homestead exemption reduces the assessed value of a primary residence by $10,000 for county property taxes. Additional exemptions may be available for seniors, disabled persons, and veterans.
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