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GA HB945
Bill
Status
Introduced
2/15/2018
Primary Sponsor
Allen Peake
Click for details
AI Summary
- Grants Macon-Bibb County homestead owners an exemption from county ad valorem taxes equal to the amount by which the current year assessed value exceeds the base year assessed value, with the base year value allowed to increase by no more than 2 percent annually
- Defines "homestead" as the primary residence and no more than three contiguous acres of surrounding land; the exemption does not apply to new improvements or additional land added after January 1 of the base year
- Exemption does not apply to state ad valorem taxes, local school district taxes, or taxes for retiring county bonded indebtedness, and is in addition to any other existing homestead exemptions
- Unremarried surviving spouses may continue to receive the exemption as long as they occupy the home as their residence and homestead
- Requires approval by Macon-Bibb County voters at the November 2018 general election and is contingent on simultaneous approval of a 2 percent local option sales tax; if approved, the exemption takes effect January 1, 2019, and remains in effect as long as that sales tax is in place
Legislative Description
Macon-Bibb County; ad valorem tax; provide homestead exemption
Last Action
House Third Reading Lost
3/5/2018
Full Bill Text
No bill text available