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GA HB1087
Bill
Status
Passed
5/1/2024
Primary Sponsor
Holt Persinger
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AI Summary
- Grants a full homestead exemption from Barrow County school district ad valorem taxes for educational purposes to residents age 70 or older whose combined household income (excluding most retirement, survivor, and disability benefits) does not exceed $112,999.99 in the preceding year
- Limits the exemption to homestead properties of no more than five contiguous acres and prohibits eligibility if unrelated minor children reside in the home
- Replaces any other Barrow County school district educational homestead exemption (except the base year senior citizen exemption) and does not affect state, county, municipal, or independent school district ad valorem taxes
- Requires approval by a local referendum to be held no later than the Tuesday following the first Monday in November 2024, with the exemption taking effect January 1, 2025, if approved by a majority of voters
- Applicants must file with the Barrow County tax commissioner, after which the exemption automatically renews annually as long as eligibility requirements continue to be met
Legislative Description
Barrow County; ad valorem tax for educational purposes for certain senior citizens with certain maximum incomes; provide homestead exemption
Last Action
Effective Date 2024-05-01
5/1/2024
Committee Referrals
State and Local Governmental Operations2/9/2024
Intragovernmental Coordination1/31/2024
Full Bill Text
No bill text available