GA HB1321

City of Cartersville residents would receive a $100,000 homestead exemption from municipal ad valorem taxes, with property value above that amount remaining taxable

Residents must file an application with the city to receive the exemption, which automatically renews annually as long as the property remains their homestead

The 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 voter approval through a referendum on the Tuesday after the first Monday in November 2026, with the exemption taking effect January 1, 2027 if approved by majority vote

The Act requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to pass the legislature