Georgia HB1582 provides a homestead exemption from Fayette County school district ad valorem taxes for educational purposes.
Georgia HB1582 grants a homestead exemption from Fayette County school district ad valorem taxes for educational purposes. The exemption amount is determined by the excess ad valorem taxes collected in a particular tax year compared to the base year of 2025. If the excess exceeds 100% of the base year's tax collection, the full value of the excess is set aside to offset the exemption cost in the next tax year. The exemption applies to all taxable years beginning on or after January 1, 2027.
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