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GA HB863
Bill
Status
Passed
5/3/2018
Primary Sponsor
Mike Glanton
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AI Summary
- Conditionally repeals the existing City of Jonesboro homestead exemption from ad valorem taxes for municipal purposes (originally approved May 14, 2002) and replaces it with a new phased-down exemption schedule
- Grants City of Jonesboro residents a homestead exemption on assessed value that decreases annually: $50,000 in 2019, $40,000 in 2020, $30,000 in 2021, $20,000 in 2022, and $10,000 for 2023 and all subsequent years
- Exemption applies only to municipal ad valorem taxes and excludes taxes for bonded indebtedness, state taxes, county taxes, and county school district taxes; the exemption is in addition to any other applicable homestead exemptions
- Requires the City of Jonesboro to publish a notice in its legal organ at least three months before tax bills are issued in each year the exemption amount decreases, stating it will be $10,000 less than the prior year
- Requires approval by a two-thirds majority in both legislative chambers and by a majority of City of Jonesboro voters in a referendum held during the November 2018 general election, with Section 1 taking effect January 1, 2019, if approved
Legislative Description
Jonesboro, City of; homestead exemptions from ad valorem taxes; provisions
Last Action
Effective Date
5/3/2018
Full Bill Text
No bill text available