GA HB1200

Caps the adjusted base year assessed value for homestead exemptions from Chatham County and City of Savannah School District ad valorem taxes at the tax year 2025 value, preventing future increases above that amount

Amends an existing 1999 homestead exemption law that previously allowed annual increases based on the Consumer Price Index for Urban Consumers

Requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to comply with constitutional requirements

Mandates a local referendum during the 2026 general primary election, with the measure taking effect July 1, 2026 if approved by more than half of voters

Election expenses to be paid by Chatham County, with automatic repeal 365 days after the election date if the referendum fails or is not conducted