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GA HB1248
Bill
Status
Passed
5/1/2024
Primary Sponsor
Rob Leverett
Click for details
AI Summary
- Grants a $25,000 homestead exemption from Elbert County school district ad valorem taxes for educational purposes to residents aged 65 or older whose homestead fair market value does not exceed $250,000
- Limits the eligible homestead property to no more than five contiguous acres and replaces (rather than supplements) other school district homestead exemptions, except the base year senior citizen exemption
- Applies to taxable years from January 1, 2025, through December 31, 2028, with an automatic sunset at the end of 2028
- Requires approval by a majority of Elbert County school district voters in a referendum held no later than the Tuesday following the first Monday in November 2024, with election costs borne by Elbert County
- Automatically repeals if the referendum fails or is not conducted, and provides that any school district elector may seek a writ of mandamus to compel the election superintendent to hold the election if they fail to do so
Legislative Description
Elbert County; ad valorem tax for educational purposes for certain senior citizens; provide homestead exemption
Last Action
Effective Date 2024-05-01
5/1/2024
Committee Referrals
State and Local Governmental Operations2/21/2024
Intragovernmental Coordination2/13/2024
Full Bill Text
No bill text available