Bill > SB302

This bill provides a homestead tax exemption for residents of Peach County, Georgia, which would reduce the county ad valorem (property) taxes by 10 percent of a homestead's assessed value. Specifically, homeowners must apply with the county tax commissioner to receive the exemption, which will automatically renew each year as long as the homeowner continues to occupy the property. The exemption only applies to Peach County's local property taxes and does not affect state, school district, or municipal taxes, and will be in addition to any existing homestead exemptions. Before the exemption can take effect, the bill requires a referendum to be held on the Tuesday after the first Monday in November 2025, where voters will decide whether to approve the tax break. If more than half of voters approve the measure, the exemption will become effective on January 1, 2026. The bill also requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to become law, and includes provisions to ensure the election is conducted properly, including the ability for county electors to seek a court-mandated election if the election superintendent fails to comply with the requirements.

Government Affairs

https://www.legis.ga.gov/legislation/70952