Bill > HB29

This bill provides a specific homestead tax exemption for residents of the Colquitt County school district, allowing homeowners to reduce their school district property taxes by $10,000 of their assessed property value. The exemption applies to ad valorem (property) taxes for educational purposes, but excludes taxes for school bond repayment, and is limited to homesteads of up to five contiguous acres. Homeowners must initially apply with the Colquitt County tax commissioner to receive the exemption, but once approved, the exemption will be automatically renewed each year as long as the homeowner continues to occupy the property. The bill requires approval through a public referendum during the 2026 general primary election, where voters will decide whether to implement the tax exemption. If more than half of the votes cast are in favor, the exemption will take effect on January 1, 2027. The bill also includes provisions ensuring that the exemption does not affect other types of property taxes and is in addition to existing homestead exemptions. To become law, the bill must receive a two-thirds majority vote in both the Georgia Senate and House of Representatives.

Government Affairs

https://www.legis.ga.gov/legislation/69309