Did you live in Cobb County and are over 62? If so, you can apply for an school tax exemption on your property taxes. The exemption will save you approximately 65% of the tax bill for unincorporated Cobb County. To apply, fill out the form provided by the Cobb County Tax Assessor Office by March 1 for the exemption. You need to apply only once not yearly. 
What happens if you do not live in Cobb County? This tax saving is different from county to county. In neighboring Cherokee County, there is also an exemption at age 62. The exemption if for up to $320,625.00 and then is a graduated portion. In Cherokee, March 1 is the deadline for applying.
To all of you that have earned this exemption, thank you for believing in the American Dream of Home-ownership and for supporting our school systems for years! You deserve these rewards. If you need information about other Georgia Counties and school tax exemptions, please email your questions. If you are over 62 and looking for home, you may want to consider Cobb and Cherokee Counties for a home due to school tax exemptions.
Ben Staten and Kathy Kirby Seger - RED HOT ATLANTA HOMES Group, REALTORS
Ben at 404-323-0049 and Kathy at 404-314-8129
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It will be interesting to see how the school tax exemption for Georgia senior citizens plays out. In many Georgia counties, this tax break has been on the books for some time, but how long this tax break will be on the books is a big question mark.
I would advise senior citizens not to buy a house in X, Y, Z county due to any present school tax exemption on the books. In the future, the school tax exemption may not be there. May?
Some Georgia school districts are awash in red ink, and of course the senior citizen school tax exemption is in the equation. The Augusta school district has hinted at eliminating the school tax exemption. Naturally, senior citizens are not taking this news with open arms. In fact, they're up in arms.
What complicates matters is that senior citizens have clout. Lots of clout. Politicians, or school board members, really don't like to step on their toes, because they may be voted out of office if they do. Senior citizens show up at the polls more than any other demographic group.
What's also interesting to note is how the senior citizen state income tax exemption will play out, too. From my understanding the first $35,000 dollars of income, or so, is exempt from Georgia state income taxes. I think it's slowly being phased in. This very generous tax break was championed by our governor when the state coffers were overflowing in money. Now, the state is having financial problems.
Now, many senior citizens have reduced incomes due to lower interest rates. Of course many folks have reduced incomes; not only senior citizens.
At this point in time, it's easy to see a showdown is in the works. Not getting big tax breaks hurts, and we're talking big bucks--thousands, and thousands of dollars.
The boom times were good years but they're gone, and it looks like it will be quite some time before boom times return.