O.C.G.A. § 48-5-50 (2019)
Homestead value credited with exemption; approval of correctness of value, exemption, and difference
The value of the homestead as finally determined shall be credited with the homestead exemption provided by law. The homestead value, exemption, and difference, if any, shall be shown on the owner’s tax return and the correctness of the value, exemption, and difference shall be approved on the return as provided by law.
History
Ga. L. 1937-38, Ex. Sess., p. 145, § 10;
Code 1933, § 91A-1114, enacted by Ga. L. 1978, p. 309, § 2.
Annotations
JUDICIAL DECISIONS Effect of determination of value when contrary to law. - In the absence of a successful constitutional attack on this statute, the allowable homestead exemption should be credited on the assessed value of each taxpayer’s land as
such value was finally determined and fixed by those tax officials who were required by law to value the land, rather than on the fair market value. Kiker v. Pinson, 120 Ga. App. 784, 172 S.E.2d 333, 1969 Ga. App. LEXIS 925 (1969).
RESEARCH REFERENCES C.J.S. 40 C.J.S., Homesteads, § 50.