How does Georgia law treat "homestead exemptions"?

In Georgia, homestead exemptions are designed to provide property tax relief specifically for primary residences. This means that homeowners can benefit from a reduction in the taxable value of their home, which in turn lowers the amount of property tax owed. The primary goal of these exemptions is to make housing more affordable for residents by easing the financial burden of property taxes.

Other options refer to aspects not covered by Georgia's homestead exemption laws. For instance, vacation homes are not eligible for such exemptions, as the benefits are strictly for primary residences. The idea of avoiding property taxes altogether is misleading, as homestead exemptions reduce the tax burden but do not eliminate it completely. Lastly, grants to first-time homebuyers fall outside the scope of homestead exemptions, which focus solely on property tax relief rather than financial assistance for purchasing a home.