GA HB758

Spalding County school district residents age 65 or older would receive a graduated homestead exemption from school ad valorem taxes: 100% exemption if income is $25,000 or less, 50% exemption if income is between $25,000 and $53,000, and 25% exemption if income exceeds $53,000

Income calculations exclude Social Security benefits and retirement, survivor, or disability benefits from public or private pension systems up to the maximum Social Security benefit amount

The exemption applies to homesteads of up to five contiguous acres and does not affect taxes for county school district bonded indebtedness, state taxes, county taxes, or municipal taxes

Requires voter approval through a referendum scheduled for November 2025, with the exemption taking effect January 1, 2026 if approved by majority vote

Applicants must file with the Spalding County tax commissioner, and the exemption automatically renews annually as long as the homeowner remains eligible and occupies the residence