Georgia HB14 proposes a homestead exemption from Fannin County ad valorem taxes for residents of the special district.

Georgia HB14 proposes a homestead exemption from Fannin County ad valorem taxes for residents of the special district. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST) imposed within the special district. The exemption applies to all ad valorem taxes imposed by the county for all purposes. The bill requires an election to be held on the Tuesday following the first Monday in November 2026, where the Act will become effective if approved by more than half of the votes cast.

Georgia HB14 proposes a homestead exemption from Fannin County ad valorem taxes for residents of the special district.

Georgia HB14 proposes a homestead exemption from Fannin County ad valorem taxes for residents of the special district. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST) imposed within the special district. The exemption applies to all ad valorem taxes imposed by the county for all purposes. The bill requires an election to be held on the Tuesday following the first Monday in November 2026, where the Act will become effective if approved by more than half of the votes cast.