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GA HB1003
Bill
Status
Passed
4/22/2024
Primary Sponsor
Emory Dunahoo
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AI Summary
- Senior citizens aged 62 and older in the Jackson County school district would receive a homestead exemption from school district ad valorem taxes for educational purposes equal to the amount by which the current year assessed value exceeds the base year assessed value, effectively freezing their school tax assessment at the base year level
- The homestead is limited to no more than five contiguous acres, and the exemption does not apply to new improvements or additional land added after January 1 of the base year
- The exemption does not apply if minor children reside in the homestead, unless they are the applicant's natural, adopted, or foster children, children under guardianship, or temporary residents for no more than one year
- The exemption is in addition to any other existing homestead exemptions and does not affect state, county, municipal, or independent school district ad valorem taxes
- The Act requires approval by local referendum no later than November 2024, with an effective date of January 1, 2025, if approved by a majority of voters; the Act automatically repeals if the referendum fails or is not held
Legislative Description
Jackson County; school district ad valorem tax for educational purposes; provide homestead exemption
Last Action
Effective Date 2024-04-22
4/22/2024
Committee Referrals
State and Local Governmental Operations2/6/2024
Intragovernmental Coordination1/24/2024
Full Bill Text
No bill text available