Georgia HB1601 provides a $10,000 homestead exemption from City of Gainesville ad valorem taxes for municipal purposes.
Georgia HB1601 grants a $10,000 homestead exemption from City of Gainesville ad valorem taxes for municipal purposes to residents. The exemption applies to the assessed value of the homestead and takes effect from January 1, 2027. To qualify, residents must file an application with the City of Gainesville. The exemption does not affect state, county, or school district taxes. The bill requires a municipal election for approval, which must be conducted by the municipal election superintendent. If approved, the exemption becomes effective; if not, the bill is repealed.
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