Since 1999, Georgia property owners who applied for a "homestead exemption" on their primary residence received about a $200 reduction on their annual property taxes for their primary residence.   The vehicle for this tax break came in the form of the Homeowners Tax Relief Grant (HTRG).  

Due to the economic recession, the 2009 Georgia Assembly failed to appropriate funds for the HTRG.  The Grant will only be made available in the future if the state revenues grow at least 3%, plus the rate of inflation.

What this means to all Georgia homeowners who have filed for the homestead exemption is that you can expect at least a $200 hike in your property taxes for 2009.

One additional step you may want to take is to ensure you have your 2008 valuation handy when you receive your 2009 tax bill.  Compare the two - and if you have any concerns, contact the Tax Assessor for the county your home is in.  Keep in mind that any increase in your tax burden can be appealed. 

The Columbia County Tax Assessor's office actually posts what areas they intend to visit within the next 90 days to assess 2009 tax values.  you can find this list by clicking here.

If you are registered for the homestead exemption and pay your taxes via your mortgage lender's escrow account, remember to budget for the $200 shortfall when your lender pays your tax bill.