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$147M property tax cut for DeKalb homeowners



 

By On Common Ground News


Today, DeKalb County CEO Michael Thurmond announced the county’s Equalized Homestead Option Sales Tax (EHOST) credit for 2023 will provide $147 million property in tax relief for homeowners who qualify for a homestead exemption.


By the end of 2023, the total savings from the EHOST will be approximately $738 million.


“DeKalb County is the only Georgia county with a local sales tax that is 100 percent dedicated to property tax relief,” said CEO Thurmond. “Our EHOST property tax relief strategy will be especially helpful to homeowners who are struggling with skyrocketing adjustable-rate mortgage payments.”


Qualified DeKalb County homeowners will receive an Equalized Homestead Option Sales Tax (EHOST) credit that reduces or offsets property tax liability.


The amount of property tax relief received by a qualified homeowner is based on the assessed value of the homestead property and sales tax revenue generated by EHOST.


On average, the hypothetical DeKalb County owner of a qualified home valued at $375,000 would receive a $1,438 tax credit.


The EHOST credit is not applied against taxes levied by DeKalb municipalities, school districts or tax allocation districts.


For more information, visit www.dekalbcountyga.gov/splost/ehost.


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