2329 Real Property: Non-Homeplace

Georgia State Seal

Georgia Division of Family and Children Services
Medicaid Policy Manual

Policy Title:

Real Property: Non-Homeplace

Effective Date:

July 2022

Chapter:

2300

Policy Number:

2329

Previous MT Number(s):

MT 59

Updated or Reviewed in MT:

MT-65

​Requirements

The equity value of the applicant/recipient’s (A/R’s) interest in non-homeplace real property is a countable resource for all ABD and Family Medicaid Classes of Assistance (COAs).

​Basic Considerations

Non-homeplace real property includes the following:

  • land

  • lots

  • trees on land

  • buildings on non-homeplace property which would transfer to a buyer if/when the land or lot were sold

  • houses and mobile homes, whether occupied or unoccupied

Equity value (fair market value less any indebtedness) is the countable value of non- homeplace property.

Indebtedness is the total amount of debt that remains to be paid, including principal, interest, and any liens and/or encumbrances.

Non-homeplace real property may be totally or partially excluded if it meets one of the following conditions:

​Sale of Non-Homeplace Real Property

The proceeds from the sale of excluded non-homeplace real property are excluded during the month of sale. Any proceeds remaining the month following the sale are a countable resource.

​Bona-fide or Good Faith Effort to Sell

A bona-fide or good faith effort to sell is defined as follows:

  • actual sale attempt at a price not more than current market value

  • listing with a realtor OR

  • appropriate advertising such as in newspapers, radio, etc.

  • acceptance of any reasonable offer.

Refer to 2304 Treatment of Resources For ABD Medicaid. See 2304-2 Bona Fide Effort to Sale.

​Income Producing Property: ABD Medicaid

Refer to 2327 Property Essential to Self-Support.

​Income Producing Property: Family Medicaid

Income producing property is considered a countable resource when determining eligibility for Family Medicaid COAs.

Income producing property is defined as follows:

  • property which produces income, even if used only on a seasonal basis

  • property essential to the employment or self-employment of a household member (rental homes, farmland, etc.)

  • rental property which is used for vacation purposes at some time during the year and which produces income

  • installment contracts for the sale of land or buildings if the contract or agreement produces income.

Refer to 2410 Rental Income.

​Procedures

Verify ownership interest and Current Market Value (CMV) of non-homeplace real property using one of the following documents:

  • property search (Form 991)

  • legal documents indicating value of the property.

Determine the equity value of the property.

If the A/R rebuts the CMV indicated in the Tax Digest, the A/R may obtain written appraisals or estimates from two reliable sources, such as realtors or appraisers, as to the accurate CMV. Average the two appraisals or estimates to determine CMV.