Bill > SB584

This bill provides for new homestead exemptions from City of Stockbridge ad valorem taxes (property taxes) for municipal purposes. The key provisions are: 1. Each resident of Stockbridge is granted a $10,000 exemption on their homestead from Stockbridge's municipal property taxes. 2. Residents of Stockbridge who are 62 years or older or reside on a property with a septic system are granted a $15,000 exemption on their homestead. 3. The surviving spouse of a person who received the exemption can continue to receive it as long as they occupy the home. 4. Residents must apply for the exemption, which will be automatically renewed annually unless they become ineligible. 5. The exemption applies to tax years starting January 1, 2025 and does not affect state, school district, or county taxes. 6. The bill requires a voter referendum for approval before it can take effect, and if not approved, the act will be automatically repealed.

Government Affairs

https://www.legis.ga.gov/legislation/68923