Loading chat...
GA SB161
Bill
Status
Engrossed
2/21/2025
Primary Sponsor
Chuck Hufstetler
Click for details
AI Summary
- Creates a homestead exemption from Gordon County school district ad valorem taxes equal to the difference between a home's current assessed value and its adjusted base year assessed value, effectively freezing school tax assessments at a baseline level
- Applies to homestead properties of up to 5 contiguous acres, with the base year value set at 2024 assessments for those receiving the exemption in 2026; annual increases are capped at the inflation rate
- Homeowners with existing homestead exemptions for 2025 will automatically receive the new exemption in 2026 without filing a new application
- Exemption does not apply to taxes levied for bonded indebtedness, state taxes, county taxes, or municipal taxes, and does not transfer to subsequent property owners
- Requires voter approval in a referendum on the Tuesday following the first Monday in November 2025, with the exemption taking effect January 1, 2026 if approved
Legislative Description
Gordon County; school district ad valorem taxes for educational purposes; provide homestead exemption
Last Action
House Second Readers
2/26/2025
Committee Referrals
Intragovernmental Coordination2/24/2025
State and Local Governmental Operations2/13/2025
Full Bill Text
No bill text available