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GA HB860

Bill

Official Source

Status

Passed

5/14/2025

Primary Sponsor

Matt Barton

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Increases homestead exemption from Gordon County school district ad valorem taxes for residents ages 65-69 from $40,000 to $50,000 of assessed value
  • Increases homestead exemption for residents ages 70-74 from $100,000 to $115,000 of assessed value
  • Creates new exemption tier of $125,000 for residents 75 years of age or older
  • Requires voter approval through referendum on the Tuesday following the first Monday in November 2025
  • If approved by majority vote, exemption changes take effect January 1, 2026; if not approved or election not held, the Act automatically repeals 365 days after the scheduled election date

Legislative Description

Gordon County; school district ad valorem tax; increase homestead exemption for certain residents

Last Action

Effective Date 2025-05-14

5/14/2025

Committee Referrals

State and Local Governmental Operations3/31/2025
Intragovernmental Coordination3/25/2025

Full Bill Text

No bill text available