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GA HB1507

Bill

Official Source

Status

Passed

4/25/2022

Primary Sponsor

Martin Momtahan

Click for details

Origin

House of Representatives

2021-2022 Regular Session

AI Summary

  • Residents of the Paulding County School District aged 65 and older receive a 50% homestead exemption on assessed value for educational ad valorem taxes, plus a 100% exemption from educational ad valorem taxes levied to pay interest on or retire school bond indebtedness, effective January 1, 2023
  • Residents aged 69 and older receive a complete exemption from all ad valorem taxation for educational purposes, including school bond indebtedness, effective January 1, 2023
  • Residents aged 68 and older receive a complete exemption from all ad valorem taxation for educational purposes, including school bond indebtedness, effective January 1, 2024
  • All exemptions apply regardless of income and require the homeowner to file an affidavit of age with the Paulding County tax receiver or tax commissioner
  • The act requires approval by a two-thirds majority in both legislative chambers and a local referendum held on the Tuesday following the first Monday in November 2022, with election expenses borne by Paulding County

Legislative Description

Paulding County; School District; residents 65 years or older shall be exempt from ad valorem taxation for education purposes

Last Action

Effective Date 2022-04-25

4/25/2022

Committee Referrals

State and Local Governmental Operations3/25/2022
Intragovernmental Coordination3/4/2022

Full Bill Text

No bill text available