Bill > HB1321

This bill proposes to grant a homestead exemption to residents of the City of Cartersville, meaning homeowners can exclude a portion of their home's value from being taxed by the city for municipal purposes. Specifically, it would allow a $100,000 exemption on the assessed value of a qualifying homestead, which is defined as a primary residence as outlined in Georgia law. To receive this exemption, residents must apply with the city, and the exemption will automatically renew annually as long as they continue to reside in the homestead, though they must notify the city if they become ineligible. This exemption would only apply to city ad valorem taxes for municipal purposes, not state, county, or school taxes, and would be in addition to any other existing homestead exemptions for city taxes. The exemption would take effect for taxable years beginning on or after January 1, 2027, but only if approved by a two-thirds vote in both the Georgia Senate and House of Representatives and subsequently by the voters of Cartersville in a special election held in November 2026. If the election is not conducted properly or if voters reject the measure, the exemption will not become law and the bill will be automatically repealed.

Government Affairs

https://www.legis.ga.gov/legislation/73250