GA HB1065

Grants City of West Point residents age 65 or older a $100,000 homestead exemption from municipal ad valorem taxes if their combined household income does not exceed $50,000 annually

Limits the exemption to homestead properties of no more than five contiguous acres; property value exceeding the exempted amount remains taxable

Exemption applies only to city municipal taxes and does not affect state, county, or school district ad valorem taxes; it supplements rather than replaces other existing homestead exemptions

Requires a two-thirds majority vote in both legislative chambers and approval by City of West Point voters in a referendum scheduled for November 2026

Takes effect for taxable years beginning on or after January 1, 2027, if approved by voters; automatically repeals 365 days after the scheduled election date if the referendum fails or is not conducted