Buyers of single-family homes in Georgia can get up to $1,800 back from the state if they close the deal in the next six months. The credit wont come in full, however; it must be split over three years, starting with this tax year, meaning home buyers wouldn't see the benefit until next year.
This state incentive is different from the federal one thats worth $8,000 and only available for first-time home buyers.
The state tax credit is intended to help the sagging housing market, hit hard by the recession, wrought with foreclosures. With 11 thousand foreclosure filings in last month alone, Georgia remains among the top ten in the nation.
The home tax credit expires the last day of November.
This state incentive is different from the federal one thats worth $8,000 and only available for first-time home buyers.
The state tax credit is intended to help the sagging housing market, hit hard by the recession, wrought with foreclosures. With 11 thousand foreclosure filings in last month alone, Georgia remains among the top ten in the nation.
The home tax credit expires the last day of November.
