GA HB805

Homestead exemption from City of Dublin independent school district ad valorem taxes for educational purposes, exempting the amount by which current assessed value exceeds an adjusted base year value

Annual increases to the base year assessed value capped at 20% per year, with additional adjustments for substantial property improvements or removals

Exemption applies only to tax years 2026 through 2030 and does not transfer to subsequent property owners, except for surviving spouses who continue occupying the homestead

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

Does not affect state, county, or other school district ad valorem taxes, and taxes levied for school district bonded indebtedness remain excluded from the exemption