Bill

Bill > SB77


GA SB77

City of Cartersville; independent school district ad valorem taxes for educational purposes; provide a homestead exemption


summary

Introduced
02/03/2025
In Committee
03/04/2025
Crossed Over
02/19/2025
Passed
04/07/2025
Dead
Signed/Enacted/Adopted
05/09/2025

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT To provide a homestead exemption from City of Cartersville independent school district ad valorem taxes for educational purposes in an amount equal to the amount by which the current year assessed value of a homestead exceeds the adjusted base year assessed value of such homestead; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability and a sunset; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to provide for related matters; to repeal conflicting laws; and for other purposes.

AI Summary

This bill provides a specific homestead tax exemption for residents of the City of Cartersville independent school district. The exemption allows homeowners to have their property taxes reduced by the difference between the current year's assessed home value and the home's "adjusted base year assessed value," which is calculated using the previous year's value, an inflation adjustment, and any substantial property changes. Homeowners must apply for the exemption initially, but once approved, it will be automatically renewed each year as long as they continue to occupy the home. The exemption applies only to the Cartersville independent school district's ad valorem taxes and will not affect other local or state taxes. The bill mandates a referendum in November 2025 where Cartersville residents will vote on whether to approve this tax exemption, which would be in effect for five years (from 2026 to 2030) if passed. To become law, the bill requires a two-thirds majority vote in both the Georgia Senate and House of Representatives. The bill also includes provisions for determining the annual inflation rate and ensures that if the election is not properly conducted, the act will be automatically repealed.

Committee Categories

Government Affairs

Sponsors (3)

Last Action

Effective Date 2025-05-09 (on 05/09/2025)

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