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GA HB1028
Bill
Status
Passed
5/8/2018
Primary Sponsor
David Knight
Click for details
AI Summary
- Grants a homestead exemption from Spalding County school district ad valorem taxes for educational purposes to residents aged 65 or older, equal to the amount by which the current year assessed value exceeds the base year assessed value (effectively freezing the taxable value at the base year level)
- Limits the homestead property eligible for the exemption to no more than five contiguous acres, and excludes improvements or additional land added after January 1 of the base year
- Requires applicants to file an initial application with the Spalding County tax commissioner; the exemption automatically renews each year as long as the homeowner continues to occupy the residence
- Applies to taxable years beginning on or after January 1, 2019, and is in addition to (not in lieu of) any other existing homestead exemptions for Spalding County school district taxes
- Requires approval by a majority of voters in a referendum held on the Tuesday following the first Monday in November 2018, with election costs borne by Spalding County; the Act is automatically repealed if not approved
Legislative Description
Spalding County; school district ad valorem tax; provide homestead exemption
Last Action
Effective Date
5/8/2018
Full Bill Text
No bill text available