I apologize that I haven’t posted the 3rd Reason to Retire in The North Georgia Mountains for some time now. We have been experiencing a sudden flurry of activity lately that has lead to many contracts here at Blairsville Realty, and of course more importantly to ME! Is it possible that the Obama Plan is actually starting to have an affect on the Housing Crisis? ……Well I can say that the phones have definitely started to ring again and it is nice to see that “I Have Mail” in my inbox almost everyday!
Reason 3 To Retire in the North Georgia Mountains
Cost of Living
Property Taxes in Union County are currently the 3rd lowest in Georgia. Other taxes include Georgia State Income Tax, and Local Sales Tax which is 7%.
The state income tax rates range from 1%-6% of taxable income. Income and deductions generally follow Federal regulations. The current local sales tax is again currently at 7%. This consists of the 4% state sales tax and 3% Union County sales tax which includes a special purpose local option sales tax or better known as SPLOST. Ad Valor em Tax or Property Tax is one of the primary sources of revenue for Union County. It is used to fund Police and Fire Services, Education, Roads, Bridges, Water, Parks, and other various county services. The basis for Property Tax is the Fair Market Value of the Property established on January 1st of each year. The tax is levied on the assessment value, which by law is established at 40% of Market Value. The amount of Property Tax is determined by the Mill Rate. One Mill of Tax is equal to $1 per $1,000 of the assessed value. Union County’s Mill Rate is 14.30.
Tax Exemptions are available for residents that are 62–65 years or older depending on their qualifications. There is also a standard elderly school tax homestead exemption, and for age 65 and older an exemption from State Ad Valor em Tax for qualified seniors. Other exemptions exist for Property Tax Deferrals, floating or varying Homestead Exemption and Disabled Veterans Homestead Exemption.
There is a lot to be said about having the 3rd lowest taxes in the entire state. With the economy in a state of uncertainty and especially the Real Estate Market, folks purchasing a Retirement Home or possible Vacation Home are most likely looking at their finances much more closely. One of the most frequently asked questions from my customers and clients that are looking to Buy a Home For Sale in Blairsville, or a Cabin For Sale In Blue Ridge is “What are the Property Taxes here?” It is comforting for them to know that they are typically much lower from where they are currently residing Full Time.
If you are considering retiring in the North Georgia Mountains, or possibly searching for a nice get-a-way from the hustle and bustle of the “Big City,” please give me a call at , or simply send me an email at Chad@EmailMyRealtor.com. I would be grateful for the opportunity to assist you with your every need here in these Beautiful Mountains. I look forward to hearing from you real soon.
Make it a GREAT day!