GA HB848

Polk County school district residents age 65-69 receive a homestead exemption from school ad valorem taxes of the greater of 50% or $60,000 of assessed value; residents age 70-76 receive the greater of 75% or $80,000; residents 77 and older receive full exemption on homesteads up to $500,000 fair market value

Total aggregate exemptions capped at $150 million for calendar year 2026; if claims exceed the cap, exemptions will be reduced proportionately among all qualifying senior citizens

Applicants must file with the Polk County tax commissioner providing age and eligibility information; exemptions automatically renew annually as long as the homestead remains occupied

Exemptions apply only to Polk County school district educational taxes, not state, county, municipal, or independent school district ad valorem taxes; exemptions are in addition to any other applicable homestead exemptions

Requires voter approval at a referendum on the Tuesday after the first Monday in November 2025; if approved by majority vote, exemptions take effect January 1, 2026