GA HB846

Cherokee County residents would receive a homestead exemption from county ad valorem taxes for county purposes, with the exemption amount calculated from proceeds of a retail homestead option sales and use tax, potentially up to 100 percent

Residents must file an application with the Cherokee County tax commissioner to receive the exemption, which automatically renews annually as long as the property remains their homestead

The exemption applies only to county taxes, not state, school district, or municipal ad valorem taxes, and is in addition to any other existing homestead exemptions

A special election will be held on the Tuesday following the first Monday in November 2025, requiring voter approval of both this exemption and a local option sales and use tax for the exemption to take effect

The Act requires two-thirds majority approval in both the Georgia Senate and House, and is contingent on passage of separate legislation establishing the Alternative Homestead Option Sales and Use Tax in the 2025 session