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GA HB1413
Bill
Status
Passed
5/6/2024
Primary Sponsor
Trey Rhodes
Click for details
AI Summary
- Grants Putnam County school district residents aged 70 and older a tiered homestead exemption from school district ad valorem taxes for educational purposes: 100% exemption for assessed values between $1.00 and $100,000.00; 50% exemption for assessed values between $100,000.01 and $250,000.00; and 25% exemption for assessed values between $250,000.01 and $500,000.00
- Limits the homestead definition to no more than five contiguous acres of property
- Requires an initial application with the Putnam County tax commissioner, after which the exemption automatically renews annually as long as the applicant continues to occupy the residence as a homestead
- Exemption applies only to Putnam County school district ad valorem taxes and does not affect state, county, municipal, or independent school district taxes; it is in addition to any other applicable homestead exemptions
- Requires approval by local referendum no later than the November 2024 general election, with an effective date of January 1, 2025, if approved by a majority of voters; the Act is automatically repealed if not approved
Legislative Description
Putnam County; ad valorem tax; educational purposes; provide homestead exemptions
Last Action
Effective Date 2024-05-06
5/6/2024
Committee Referrals
State and Local Governmental Operations3/8/2024
Intragovernmental Coordination2/27/2024
Full Bill Text
No bill text available