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GA HB1423
Bill
Status
Passed
4/22/2024
Primary Sponsor
Will Wade
Click for details
AI Summary
- Grants Dawson County school district residents aged 65–74 who have owned a homestead for at least 5 years an exemption from school district ad valorem taxes for educational purposes on up to $200,000.00 of assessed homestead value, and increases that exemption to $300,000.00 for residents aged 75 and over
- Beginning January 1, 2026, provides a $200,000.00 assessed value exemption for any resident who has owned one or more homesteads in Dawson County for at least 30 years, regardless of age
- Limits eligibility to homesteads of less than 12 contiguous acres, and exemptions do not apply to improvements or additional land added after the base year; all exemptions sunset on December 31, 2044
- Replaces the existing $60,000.00 senior homestead exemption (for disabled or 65+ residents with income under $50,000.00) for new applicants as of January 1, 2025, though current recipients may keep the prior exemption or switch to the new one
- Requires approval by local referendum no later than the November 2024 general election, with election costs borne by Dawson County; the Act is automatically repealed if not approved by voters
Legislative Description
Dawson County; ad valorem tax for educational purposes for certain senior citizens; provide homestead exemptions
Last Action
Effective Date 2024-04-22
4/22/2024
Committee Referrals
State and Local Governmental Operations3/8/2024
Intragovernmental Coordination2/29/2024
Full Bill Text
No bill text available