Bill > HB807

This bill amends existing legislation in the City of Woodstock to modify homestead tax exemptions for senior citizens and their surviving spouses. Currently, residents who are 62 years or older can receive a full property tax exemption for their homestead, but only if they or their spouse have been granted a homestead exemption within the city limits for at least five years. The bill removes this five-year residency requirement for two specific groups: (1) residents who were already receiving a homestead exemption before the law's effective date, and (2) surviving spouses of individuals who previously qualified for the exemption. To become law, the bill requires a two-thirds majority vote in both the Georgia Senate and House of Representatives and must be approved by voters in a special referendum in the City of Woodstock, which must be held no later than the November 2026 general election. If more than half of voters approve the measure, it will take effect on the first day of January following the election. If the referendum fails or is not conducted properly, the bill will be automatically repealed on July 1, 2027, ensuring that the legislative intent is clear and providing a mechanism for voter input on this local tax exemption.

Government Affairs

https://www.legis.ga.gov/legislation/71500