Georgia HB1564 proposes a homestead exemption from Lee County school district ad valorem taxes for educational purposes for residents aged 67 and.
Georgia HB1564 provides a homestead exemption from Lee County school district ad valorem taxes for educational purposes for residents aged 67 and older. The exemption applies to the full assessed value of the homestead and is only for ad valorem taxes used to pay interest on and retire county school district bonded indebtedness. The bill requires an election in Lee County to approve the exemption, which must receive a two-thirds majority vote in both the Senate and the House of Representatives. If approved, the exemption will take effect on January 1, 2027.
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