Loading chat...
GA HB1064
Bill
Status
Passed
5/8/2018
Primary Sponsor
Charles Martin
Click for details
AI Summary
- Grants Fulton County residents older than 65 a $50,000.00 homestead exemption from Fulton County ad valorem taxes for county purposes, with property value above that amount remaining taxable
- Requires a one-time application filed with the Fulton County tax commissioner; the exemption automatically renews each year as long as the owner continues to occupy the residence as a homestead
- Does not apply to state, municipal, or school district ad valorem taxes, and replaces all other county-purpose homestead exemptions except the one established by an Act approved May 17, 2004 (Ga. L. 2004, p. 3825), which remains additive
- Requires approval by Fulton County voters in a referendum held on November 6, 2018; if approved by a majority, the exemption takes effect January 1, 2019
- If the referendum fails or is not conducted, the Act is automatically repealed on the first day of January following the election date, with election costs borne by Fulton County
Legislative Description
Fulton County; ad valorem tax; provide new homestead exemption
Last Action
Effective Date
5/8/2018
Committee Referrals
State and Local Governmental Operations3/23/2018
Intragovernmental Coordination3/19/2018
Full Bill Text
No bill text available