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GA HB797
Bill
Status
Passed
4/18/2022
Primary Sponsor
Houston Gaines
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AI Summary
- Increases the general homestead exemption for Clarke County residents from $10,000 to $25,000 of assessed value for Unified Government of Athens-Clarke County ad valorem taxes, effective for taxable years beginning after December 31, 2022
- Increases the senior homestead exemption (age 65+) from $10,000 to $25,000 of assessed value for Unified Government ad valorem taxes under the same timeline
- Creates a new low-income base year assessed value homestead exemption that freezes a qualifying homeowner's assessed value at the base year level for Unified Government tax purposes, available to households with income not exceeding 200% of the 2022 Federal Poverty Guidelines
- The low-income exemption applies only to the primary residence and up to three contiguous acres, does not cover improvements or added land after the base year, and requires annual submission of a federal income tax return to maintain eligibility
- Requires approval by a two-thirds majority in both legislative chambers and a voter referendum on November 8, 2022; if approved by more than half of voters, the substantive provisions take effect January 1, 2023
Legislative Description
Clarke County; ad valorem tax; increase existing general and senior homestead exemptions
Last Action
Effective Date 2022-04-18
4/18/2022
Committee Referrals
State and Local Governmental Operations3/29/2022
Intragovernmental Coordination3/22/2021
Full Bill Text
No bill text available