GA HB103

Increases the homestead exemption from Troup County school district ad valorem taxes for residents 65 and older from $40,000 to $100,000 of assessed value

Raises the income eligibility cap from $40,000 to $50,000 in combined annual household income, including retirement benefits, disability, pension, and Social Security

Applies to the homestead and up to two contiguous acres of property; exemption ends December 31 of the year the claimant dies, sells, or transfers the homestead

Requires approval by Troup County school district voters in a referendum on the Tuesday after the first Monday in November 2025

If approved by voters, the increased exemption takes effect January 1, 2026; if rejected or the election is not held, the Act is automatically repealed