Morgan County proposes a homestead exemption from ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia House Bill 18 proposes a homestead exemption from Morgan County ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST). This exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. The exemption is additional to any other applicable homestead exemptions and applies to all taxable years from January 1, 2027, to December 31, 2039. The bill includes provisions for an election to be held on November 2, 2026, where the exemption will become effective if approved by a two-thirds majority vote.

Morgan County proposes a homestead exemption from ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia House Bill 18 proposes a homestead exemption from Morgan County ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST). This exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. The exemption is additional to any other applicable homestead exemptions and applies to all taxable years from January 1, 2027, to December 31, 2039. The bill includes provisions for an election to be held on November 2, 2026, where the exemption will become effective if approved by a two-thirds majority vote.