Georgia HB1563 increases the homestead exemption for senior citizens in Pike County from ad valorem taxes.
Georgia HB1563 amends the homestead exemption for senior citizens in Pike County from ad valorem taxes. The bill increases the exemption amount based on the length of residency in the county. For all senior citizens, the exemption is $15,000.00. For those who have lived in the county for five to nine years, it is $20,000.00. For those who have lived in the county for ten to 19 years, it is $30,000.00. For those who have lived in the county for 20 or more years, it is $50,000.00. The bill requires a referendum for approval by the voters of Pike County.
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