Georgia Statewide Homestead Property Tax Exemption Increase Measure

Georgia Ballot Measure - LRSS

Election: Nov. 5, 2024 (General)

Outcome: Pending

Categories:

Housing and Property
Taxes

Summary


A BILL to be entitled an Act to amend Part 1 of Article 2 of Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to tax exemption, so as to increase the amount of a statewide homestead exemption from certain ad valorem taxes; to provide for applicability; to provide for related matters; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.

Ballot title: Shall the Act be approved which increases from $2,000.00 to $10,000.00 a statewide homestead exemption from ad valorem taxes for state, county, and school purposes, other than municipal school purposes and other than to pay interest on and retire bonded indebtedness, for a homestead occupied by its owner?

Resources


Official Summary

Source
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