Bill
Bill > HB861
GA HB861
Calhoun, City of; school district ad valorem tax; increase homestead exemption for certain residents
summary
Introduced
03/25/2025
03/25/2025
In Committee
04/02/2025
04/02/2025
Crossed Over
03/31/2025
03/31/2025
Passed
04/08/2025
04/08/2025
Dead
Signed/Enacted/Adopted
05/14/2025
05/14/2025
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend an Act to provide homestead exemptions from City of Calhoun independent school district ad valorem taxes for educational purposes in the amount of $40,000.00 of the assessed value of the homestead for residents of that school district who are at least 65 but less than 70 years of age and in the amount of $100,000.00 of the assessed value of the homestead for residents of that school district who are 70 years of age or older, approved May 5, 2006 (Ga. L. 2006, p. 4537), so as to increase said homestead exemption for residents who are between 65 and 69 years of age to $50,000.00; to increase said homestead exemption for residents who are between 70 and 74 years of age to $115,000.00; to provide a new exemption for residents who are 75 years of age or older in the amount of $125,000.00; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to provide for 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 increases property tax homestead exemptions for certain age groups within the City of Calhoun independent school district. Specifically, for residents aged 65-69, the homestead tax exemption will increase from $40,000 to $50,000; for residents aged 70-74, the exemption will increase from $100,000 to $115,000; and a new exemption of $125,000 will be created for residents 75 years and older. The bill requires a referendum to be held in November 2025, where voters in the City of Calhoun independent school district will decide whether to approve these increased exemptions. If more than half of the votes cast are in favor, the new exemption amounts will take effect on January 1, 2026. The bill also includes provisions ensuring that if the election is not properly conducted, the changes will not be implemented, and it mandates that the election superintendent must comply with the election requirements, with potential judicial intervention if they fail to do so. The bill aims to provide additional property tax relief for older residents in the school district.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Effective Date 2025-05-14 (on 05/14/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/71663 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/238875 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/237287 |
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