GA HB832

Paulding County school district homestead exemption equals the difference between current year assessed value and an adjusted base year assessed value, effectively freezing school taxes at a base level with limited annual increases tied to inflation

Base year assessed value for homesteads receiving the exemption in 2027 will be the 2024 assessed value; for new applicants thereafter, the base year is the year immediately preceding their first exemption

Adjusted base year value may increase annually by no more than the inflation rate (using Consumer Price Index or similar federal index) plus the value of substantial property improvements

Homeowners with existing homestead exemptions for 2026 automatically qualify for the new exemption in 2027 without filing a new application; unremarried surviving spouses may continue receiving the exemption

Requires voter approval at the 2026 general primary election; if approved by majority vote, takes effect January 1, 2027