Loading chat...
GA HB1249
Bill
Status
Passed
5/1/2024
Primary Sponsor
Rob Leverett
Click for details
AI Summary
- Grants Elbert County residents age 65 and older a homestead exemption from county ad valorem taxes equal to the amount by which the current year assessed value exceeds the base year assessed value, effectively freezing their county tax assessment at the base year level
- Limits the homestead to no more than 5 contiguous acres and excludes improvements or additional land added after January 1 of the base year from the exemption
- Does not apply to state, municipal, or school district ad valorem taxes, and is in addition to any other existing homestead exemptions for county purposes
- 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 Elbert County voters in a referendum to be held no later than the Tuesday following the first Monday in November 2024; if not approved, the Act is automatically repealed
Legislative Description
Elbert County; ad valorem tax for county 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