Loading chat...

GA HB772

Bill

Official Source

Status

Passed

5/14/2025

Primary Sponsor

Ruwa Romman

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Increases the homestead exemption from City of Norcross ad valorem taxes from $9,000 to $45,000 for all residents who own and occupy their homes
  • Increases the homestead exemption from $18,000 to $90,000 for residents age 65 or older who own and occupy their homes
  • Exemptions apply to all city ad valorem taxes except taxes for retired bonded indebtedness
  • Requires approval by City of Norcross voters in a referendum on the Tuesday after the first Monday in November 2025
  • If approved by voters, the increased exemptions take effect January 1, 2026, applying to taxable years beginning after December 31, 2025

Legislative Description

Norcross, City of; ad valorem tax; raise homestead exemption amounts

Last Action

Effective Date 2025-05-14

5/14/2025

Committee Referrals

State and Local Governmental Operations3/25/2025
Intragovernmental Coordination3/18/2025

Full Bill Text

No bill text available