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GA HB1143
Bill
Status
Passed
5/1/2024
Primary Sponsor
Leesa Hagan
Click for details
AI Summary
- Grants Telfair County homestead owners an exemption from county ad valorem taxes equal to the increase in assessed value above the base year value, capped at a maximum of $25,000.00
- Limits the homestead property covered to no more than five contiguous acres and excludes improvements or additional land added after January 1 of the base year
- Does not apply to state taxes, school district taxes, municipal taxes, or county taxes levied to pay bonded indebtedness, and is in addition to any other existing homestead exemptions
- Requires an initial application with the Telfair County tax assessor, after which the exemption automatically renews annually as long as the owner continues to occupy the homestead
- Subject to a mandatory referendum on the Tuesday following the first Monday in November 2024; if approved by a majority of voters, the exemption takes effect January 1, 2025
Legislative Description
Telfair County; ad valorem tax; county purposes; provide homestead exemption
Last Action
Effective Date 2024-05-01
5/1/2024
Committee Referrals
State and Local Governmental Operations2/13/2024
Intragovernmental Coordination2/7/2024
Full Bill Text
No bill text available