GA HB1440

Creates a homestead exemption from Bryan County school district ad valorem taxes for educational purposes, freezing the taxable value at the base year assessment and exempting any increases in assessed value above that amount

Applies to homesteads of up to 5 contiguous acres, with the base year generally being the year before the exemption is first granted; does not exempt improvements or additional land added after the base year

Automatically enrolls residents who already receive the adjusted base year homestead exemption under the 2025 "Watson-Stephens-Petrea-Franklin Tax Relief Act" or under O.C.G.A. Code Section 48-5-44.2

Requires a two-thirds majority vote in both legislative chambers and approval by Bryan County school district voters in a referendum on the Tuesday following the first Monday in November 2026

Exemption takes effect January 1, 2027 if approved; does not apply to taxes for bonded indebtedness or to state, county, municipal, or independent school district ad valorem taxes