GA SB356

Polk County school district residents aged 65-69 receive homestead exemption from school ad valorem taxes of the greater of 50% or $60,000 of assessed value; residents aged 70-76 receive the greater of 75% or $80,000 exemption

Residents aged 77 and older receive full exemption on homesteads with appraised fair market value up to $500,000

Total aggregate exemptions capped at $150 million for calendar year 2026, with proportionate reductions applied if claims exceed the cap

Requires voter approval via referendum on the Tuesday after the first Monday in November 2025; exemptions would take effect January 1, 2026 if approved

Exemptions apply only to Polk County school district educational taxes, not state, county, municipal, or independent school district taxes, and are in addition to other existing homestead exemptions