Bill > SB336

This bill introduces a new homestead tax exemption specifically for residents of the Dade County school district in Georgia. The exemption allows homeowners to be exempt from school district ad valorem (property-based) taxes for educational purposes by reducing their taxable property value. The exemption will be calculated by subtracting the homestead's base year assessed value (the value from the year before the exemption is first granted) from its current year assessed value. Homeowners must apply initially with the Dade County tax commissioner, but once approved, the exemption will be automatically renewed each year as long as the homeowner continues to occupy the property. The exemption applies only to school district taxes and does not affect other types of property taxes. The bill requires a referendum election in November 2025, where Dade County voters will decide whether to approve the tax exemption. If more than half of the votes cast are in favor, the exemption will take effect on January 1, 2026. The bill also includes provisions ensuring that if the election is not conducted properly, the act will be automatically repealed, and it requires a two-thirds majority vote in both the Georgia Senate and House of Representatives to become law.

Government Affairs

https://www.legis.ga.gov/legislation/71343