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GA HB622

GA HB622
Bartow County; ad valorem tax; increase homestead exemption to $15,000.00


summary

Introduced
02/28/2023
In Committee
03/15/2023
Crossed Over
03/09/2023
Passed
03/30/2023
Dead
Signed/Enacted/Adopted
05/01/2023

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT To amend an Act to provide a homestead exemption from certain Bartow County ad valorem taxes for county purposes in the amount of $5,000.00 of the assessed value of the homestead for certain residents of that county, approved March 24, 1994 (Ga. L. 1994, p. 4058), so as to increase the exemption to $15,000.00; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal, mandatory execution of election and judicial remedies regarding failure to comply; to repeal conflicting laws; and for other purposes.

AI Summary

This bill amends an existing law to increase the homestead exemption from Bartow County ad valorem (property) taxes for county purposes from $5,000 to $15,000 of the assessed value of the homestead for certain residents of the county. The bill requires a two-thirds majority vote in both the Georgia Senate and House of Representatives, as well as a referendum in Bartow County, before the increased exemption can take effect on January 1, 2025. If the referendum is not approved, the bill will be automatically repealed. The bill also includes provisions regarding the mandatory nature of the referendum and judicial remedies if the election superintendent fails to comply.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Effective Date 2023-05-01 (on 05/01/2023)

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