GA SB627

City of Dallas, Georgia residents would receive a $50,000 homestead exemption from municipal ad valorem taxes, with property value above that amount remaining taxable

Exemption requires a one-time application to the city governing authority and automatically renews annually as long as the homeowner continues to occupy the residence

Exemption applies only to City of Dallas municipal taxes and does not affect state, county, or school district ad valorem taxes; it is in addition to any other applicable homestead exemptions

Requires approval by a two-thirds majority vote in both the Georgia Senate and House of Representatives, plus voter approval in a referendum scheduled for November 2026

If approved by voters, the exemption takes effect January 1, 2027; if rejected or the election is not held, the Act is automatically repealed