Georgia HB10 proposes a homestead exemption from Worth County ad valorem taxes funded by a new Local Homestead Option Sales Tax.

Georgia HB10 introduces a homestead exemption from Worth County ad valorem taxes, funded by a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. Eligible residents must apply for the exemption, which is renewable annually if they remain eligible. The bill mandates a referendum for voter approval, with the exemption becoming effective if approved. The exemption applies only to ad valorem taxes within the special district and does not replace other applicable exemptions.

Georgia HB10 proposes a homestead exemption from Worth County ad valorem taxes funded by a new Local Homestead Option Sales Tax.

Georgia HB10 introduces a homestead exemption from Worth County ad valorem taxes, funded by a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. Eligible residents must apply for the exemption, which is renewable annually if they remain eligible. The bill mandates a referendum for voter approval, with the exemption becoming effective if approved. The exemption applies only to ad valorem taxes within the special district and does not replace other applicable exemptions.