Bill > HB777

This bill provides a homestead tax exemption for senior citizens in the Fulton County school district, specifically offering a 25 percent reduction in ad valorem (property) taxes for educational purposes for residents who are 65 years or older. To qualify, a senior citizen must own and possess a homestead (which can include up to five contiguous acres) and have been granted a homestead exemption in the district for five of the last six years. Applicants must file an initial application with the Fulton County tax commissioner, providing proof of age and other required information, after which the exemption will be automatically renewed each year as long as the homeowner continues to occupy the property. The exemption will only apply to Fulton County school district taxes and will not affect state, county, municipal, or other school district taxes. Before becoming law, the bill requires a two-thirds majority vote in both legislative chambers and must be approved by voters in a referendum election to be held in November 2025. If approved by voters, the tax exemption will take effect on January 1, 2026. If the referendum fails or the election is not properly conducted, the bill will be automatically repealed.

Government Affairs

https://www.legis.ga.gov/legislation/71386