GA SB330

Residents aged 65 or older in the City of Atlanta independent school district would receive a $50,000 homestead exemption from school district ad valorem taxes for educational purposes, effective January 1, 2026

Total exemptions capped at $487,804,878.00 annually; if claims exceed this amount, individual exemptions would be reduced proportionately

Exemption applies only to school district education taxes, not to taxes for bonded debt, state taxes, county taxes, or municipal taxes, and is in addition to other existing homestead exemptions

Requires a two-thirds majority vote in both legislative chambers and approval by City of Atlanta voters in a referendum scheduled for November 2025

Homestead limited to no more than five contiguous acres; applicants must file once with the City of Atlanta, and the exemption renews automatically each year