Georgia HB1537 provides a homestead exemption from Bibb County school district ad valorem taxes for educational purposes for residents aged 65 and.
Georgia HB1537 provides a homestead exemption from Bibb County school district ad valorem taxes for educational purposes. The exemption is $17,000 for residents aged 65-74, $32,000 for those aged 75-84, and the full assessed value for those 85 and older. The exemption applies to the assessed value of the homestead and does not affect other taxes. The bill requires an election for approval by Bibb County residents, with the exemption becoming effective if approved. The exemption is renewable annually if the resident continues to occupy the homestead.
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