What happens to my property tax exemptions when I sell and buy smaller?

Property tax exemptions do not transfer with you: any homestead exemption on your current home ends at the sale, and you apply fresh for one on the next property once you occupy it as your primary residence. Georgia's statewide homestead exemption is $2,000 off assessed value, and your county or city may add a larger exemption on top of that base. Check with your new county's tax assessor to apply on time after closing.