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Did you buy or sell a property in 2024? Have you taken care of all the critical responsibilities, such as checking that your property identification was recorded properly with public record, locating your property tax bill, or confirming your insurance coverage? Whether you're a buyer or seller, this guide will help you stay on top of your obligations and avoid potential issues.
For 2024 Home Sellers: What You Need to Know
If you sold a property in 2024:
You likely paid pro-rated property taxes to the buyer at closing.
The buyer is now responsible for paying the full 2024 property tax bill, which is typically due in November or December.
Locate your closing documents for reference. If you need a copy, contact your agent or closing attorney. They can help clarify what was covered during your closing and ensure your records are accurate when preparing for tax season or future inquiries.
For 2024 Home Buyers: What You Need to Know
If you bought a property in 2024:
It’s your responsibility to ensure that the 2024 property tax bill is paid.
In most cases, the seller paid their share of the taxes to you at closing. Review your settlement statement to confirm this.
Escrowed Taxes? Check with Your Mortgage Company
If your property taxes and homeowners insurance are escrowed:
Confirm that your mortgage company has received your property tax bill.
Verify that the taxes are paid from your escrow account.
Failing to ensure payment could lead to a tax lien on your property, which can be both costly and stressful.
Paying Your Property Taxes
Need to check or pay your property taxes? Use the following resources based on your location:
Homeowner’s Insurance: Time for a Review
Owning a home is a significant investment, and maintaining the right insurance coverage is crucial. Whether you bought or sold a home, now is the perfect time to review your coverages.
Review your Homeowners Policy for any necessary coverage updates or changes.
Flood Insurance may be a good idea to explore, even if you are not in a high risk flood zone. Homeowners Policies do not cover losses caused by a flood. 40% of all flood claims occur in low to moderate risk areas.
If you no longer live in your home, and it is now a rental property, you may need to change your policy.
Ensuring adequate protection now prevents surprises during emergencies. For expert guidance, quotes, and a thorough explanation of your coverages, visit insuringcamden.com.
Beware of Fraud and Scams
Property transactions are public records, and unfortunately, this information can attract scammers. Protect yourself by being vigilant:
Verify All Information. Always confirm ownership records, payment requests, and any financial details.
Be Cautious with Wiring Instructions.
Never trust wiring instructions sent via email or text. Cybercriminals can hack emails and send convincing fake instructions.
Always independently confirm wiring instructions in person or by calling a trusted, verified phone number.
When in doubt, contact your real estate agent or closing attorney directly.
Stay Informed with Free Property Monitoring
The Filing Activity Notification System (FANS) allows you to monitor property activity in Georgia.
How It Works:
Receive email notifications when property records matching your criteria are filed with the county clerk.
Use this tool to:
Spot potential fraudulent filings.
Confirm that your property description is accurate.
Signing up for this free service is a simple yet effective way to protect your property from fraud.
Prepare for Property Tax Exemptions in 2025
If your home is your primary residence, you may qualify for a property tax exemption in 2025. Exemptions can help lower your property tax bill significantly.
Common Exemptions in Camden County:
Standard Homestead Exemption
Senior Exemption (62 years or older)
100% Disabled Veteran or Surviving Spouse
Surviving Spouse of a Service Member Killed in Action
Surviving Spouse of a Peace Officer or Firefighter Killed in the Line of Duty
Filing Tips:
The deadline to apply is April 1, 2025.
You only need to file once—renewals are automatic.
Your state-issued ID must list the address of the property to be exempted.
The property must be your primary residence and no larger than 5 acres.
For more details on exemptions and how to apply, visit Camden County Exemptions.
Protect Your Most Valuable Asset
Your home is likely your largest investment. Protect it by:
Paying your property taxes on time.
Maintaining accurate records.
Reviewing insurance policies annually to ensure sufficient coverage.
For questions about your closing, tax bills, or exemptions, contact your real estate agent or closing attorney. Being proactive can save you money and prevent unnecessary complications.
Stay informed, stay protected, and enjoy your new home!
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