GA SB77

Provides a homestead exemption from City of Cartersville independent school district ad valorem taxes equal to the difference between the current year assessed value and an adjusted base year assessed value, effectively limiting annual increases in taxable value

Caps annual increases in the adjusted base year value to an inflation rate determined by the City of Cartersville governing authority, which may use the Consumer Price Index or similar federal index

Applies to homesteads of up to five contiguous acres and excludes ad valorem taxes levied to pay bonded indebtedness; the exemption does not transfer to subsequent property owners

Requires voter approval through a referendum on the Tuesday following the first Monday in November 2025, with the exemption taking effect January 1, 2026 if approved by majority vote

Contains a five-year sunset provision, applying only to taxable years from January 1, 2026 through December 31, 2030