Posts Tagged ‘The Ice in Cumming’

Forsyth Offers Big Tax Breaks For Seniors

Liberty New HomeIf you are moving from another state to metro Atlanta or perhaps are even a local resident entering your 60s, you will want to consider the property tax exemptions offered to seniors in Forsyth county.

With a wide variety of retirement communities for practically any budget and lifestyle, Georgia is becoming one of the most popular retirement destinations!   The cost of living is lower than the national average. The overall cost of living index in Georgia was 93.4  compared to the national average of 100. In terms of the overall state and local tax burden, the Tax Foundation ranked Georgia 32nd among the 50 states in 2012. Georgia state income tax The Georgia state income tax rate is 1% on the first $750 of taxable income, up to a maximum rate of 6% on taxable income over $7,000 for single taxpayers and over $10,000 for married taxpayers filing jointly. The standard deduction is $2,300 for single taxpayers and $3,000 for married taxpayers filing jointly. If you are over 65 you can claim an additional $1,300 deduction. The personal exemption is $2,700 each for the taxpayer and spouse and $3,000 for dependents. Social security benefits are exempt from the Georgia state income tax. If you are 62 or older, or if you are totally disabled regardless of your age, you can qualify for a $35,000 exclusion of retirement income. You and your spouse must qualify separately, and you could qualify for a total exemption of up to $70,000. (more…)

New Homes in Liberty-Mid $200's- with Three Car Garages

Liberty is an established new home community in Cumming close to GA 400.  It offers single family homes priced from the Mid $200s with three car garages.  Several inventory homes are ready as well and priced to sell. Peachtree Residential is offering Free Finished Basements on presales or Free 3rd story retreats on slab homes.  Stop by and visit Carla to tour the beautiful high quality homes priced to sell!  Liberty is convenient to numerous places including The ICE rink across the street, The Avenues for shopping, dinning  and entertainment down the street and shopping and dinning located in downtown Cumming.  There is even a new Mellow Mushroom in Cumming that just opened at the Avenues with patio seating!  The community has plenty of amenities including tennis courts, a large pool and sidewalks for all ages.  Great schools for children, low Forsyth county taxes and Liberty’s location is convenient to Lake Lanier!  Come visit Liberty and take GA 400 North to Exit 14, Stay left towards Cumming (20 West).  Turn left at second light onto Atlanta Hwy (Hwy 9) and Liberty will be 1 mile on right. The decorated model home is just inside the entrance on your right.  Contact Carla at 770-888-8642 or Liberty@peachtreeresidential.com