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November 7, 2011              Main Home
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Georgia Taxes

In Georgia, Social Security income is not taxed and up to an additional $35,000 of retirement income is also tax exempt.  In 2012, taxes on retirement income will be eliminated entirely.  Until then, taxpayers who are 62 and better and permanently disabled are eligible for an adjustment. Residents 65 and better qualify for a $10,000 homestead exemption from school taxes when they earn less than $10,000 annually.  They also qualify for $4,000 exemption from state and county taxes.   People 62 and better whose income is less than $30,000 may qualify for an exemption from state and county property taxes equal to the amount by which the assessed value of the homestead exceeds the assessed value for the preceding tax year.  Regular income is taxed between 1% and 6%.

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Peachtree City Population:  40,000  |  Percentage Age 45 or Better:  25%  |  Cost of Living: 5% Above U.S. Average  |  Crime Rate:  Below U.S. Average

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Towne Club Peachtree City

201 Crosstown Drive, Peachtree City, Georgia 30269

(770) 632-5823

Age Restriction: 55+

Apartments

Priced from approximately $2,850 per month

Web Site

Similar to upscale apartment living from the 1940s and 1950s
 

Georgia Stats:

Population, year 2009 estimate - 9,829,211

Persons 65 years old and over, year 2009 - 10.3%

High school graduates, percent of persons age 25+, year 2000 - 78.6%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 24.3%

Persons of Hispanic or Latino origin, percent, year 2009 - 8.3%

White persons, not Hispanic, percent, year 2009 - 57.5%

Median household income, year 2008 - $50,834

Social Security taxed?  No

Source: U.S. Census Bureau

 

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