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GA SB333

Bill

Status

Engrossed

3/20/2025

Primary Sponsor

Colton Moore

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Homestead exemption freezes the assessed value of homes for City of Chickamauga independent school district education taxes at the base year value, exempting any future increases in assessed value from taxation
  • Applies to homesteads of up to 5 contiguous acres, but does not exempt taxes on new improvements or additional land added after January 1 of the base year
  • Does not apply to ad valorem taxes used to pay school district bond debt, nor to state, county, or municipal taxes
  • Requires residents to file an initial application with the City of Chickamauga; exemption automatically renews annually as long as the owner continues to occupy the homestead
  • Requires voter approval via referendum on the Tuesday following the first Monday in November 2025; if approved, takes effect January 1, 2026

Legislative Description

City of Chickamauga; independent school district ad valorem taxes for educational purposes; provide a homestead exemption

Last Action

House Second Readers

3/25/2025

Committee Referrals

Intragovernmental Coordination3/21/2025
State and Local Governmental Operations3/13/2025

Full Bill Text

No bill text available