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GA HB1455
Bill
Status
Passed
4/22/2024
Primary Sponsor
Steven Sainz
Click for details
AI Summary
- Grants a $25,000.00 homestead exemption from City of St. Mary's ad valorem taxes for municipal purposes to residents aged 62 or older, applying to homestead properties of not more than five contiguous acres
- Excludes ad valorem taxes levied to pay interest on and retire municipal bonded indebtedness, as well as state, county, and school district ad valorem taxes
- Replaces all other homestead exemptions applicable to City of St. Mary's municipal ad valorem taxes, repealing the prior exemption approved September 18, 1991
- Requires approval by local referendum on the Tuesday after the first Monday in November 2024, with the exemption taking effect January 1, 2025, if approved by a majority of voters
- Exemption automatically renews annually as long as the homeowner continues to occupy the residence, with an initial application required through the city's governing authority
Legislative Description
St. Mary's, City of; ad valorem tax for municipal purposes; provide homestead exemption
Last Action
Effective Date 2024-04-22
4/22/2024
Committee Referrals
State and Local Governmental Operations3/13/2024
Intragovernmental Coordination3/7/2024
Full Bill Text
No bill text available