GA HB476

Creates a homestead exemption from Bryan County school district ad valorem taxes for educational purposes, exempting the amount by which current year assessed value exceeds an adjusted base year value (capped by annual inflation rate adjustments)

Applies to homestead properties up to 5 contiguous acres, with the base year value set at the 2025 assessed value for those receiving the exemption in 2026

Automatically enrolls homeowners who received a homestead exemption in 2025 without requiring a new application; exemption transfers to unremarried surviving spouses

Does not apply to taxes for bonded indebtedness, state taxes, county taxes, independent school district taxes, or municipal taxes

Requires voter approval via referendum on the Tuesday following the first Monday in November 2025; if approved by majority, takes effect January 1, 2026