GA HB1101

Georgia residents aged 60 or older would receive a homestead exemption from ad valorem taxes on up to $500,000 of assessed value, applying to state, county, municipal, and school district taxes (excluding taxes for bonded indebtedness)

Surviving spouses may continue receiving the exemption as long as they occupy the residence as a homestead

Residents who received a homestead exemption in 2025 and remain eligible in 2026 would automatically receive this new exemption without additional application

The exemption is generally additive to other homestead exemptions, but if another exemption is based on assessed value increases over a prior year, only the larger/more beneficial exemption applies

Requires two-thirds majority vote in both legislative chambers and statewide voter approval in a referendum no later than November 2026, with an effective date of January 1, 2027 if approved