Homestead exemption question?

[Heather B.]

Hi, we have 2 properties. One in FL (which we homesteaded) and one in GA, which was homesteaded for about 15 years until we purchased the FL property. My city in Atlanta (Brookhaven) just passed a law, end of last year, that you have to have a permit to short term rent the ATL home (which is fine) but to apply for this permit, you must be homesteaded.  I went to talk to the city and they just told me to get a Homestead Exemption from the county (Dekalb).  What I don't know is how this affects our taxes/income other than paying the rental tax. Does anyone know?  Thanks in advance for taking the time to answer.