Georgia HB11 proposes a homestead exemption from Glynn County ad valorem taxes for county purposes.

Georgia HB11 provides a homestead exemption from Glynn County ad valorem taxes for county purposes in an amount equal to the assessed value of the homestead property. This exemption is determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST) imposed within the special district conterminous with Glynn County. The exemption applies to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The bill mandates an election for approval or rejection, to be conducted by the election superintendent of the county.

Georgia HB11 proposes a homestead exemption from Glynn County ad valorem taxes for county purposes.

Georgia HB11 provides a homestead exemption from Glynn County ad valorem taxes for county purposes in an amount equal to the assessed value of the homestead property. This exemption is determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST) imposed within the special district conterminous with Glynn County. The exemption applies to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The bill mandates an election for approval or rejection, to be conducted by the election superintendent of the county.