Georgia HB22 proposes a homestead exemption from City of Jakin ad valorem taxes funded by a new sales tax.

Georgia HB22 proposes a homestead exemption from City of Jakin ad valorem taxes for city purposes, funded by a new 1 percent Local Homestead Option Sales Tax within Early County. The exemption amount is based on the assessed value of the homestead property, determined annually using the net proceeds of the sales tax. The exemption applies to all ad valorem taxes imposed by the city for all purposes. The bill includes definitions for key terms and specifies the terms and conditions of the exemption.

Georgia HB22 proposes a homestead exemption from City of Jakin ad valorem taxes funded by a new sales tax.

Georgia HB22 proposes a homestead exemption from City of Jakin ad valorem taxes for city purposes, funded by a new 1 percent Local Homestead Option Sales Tax within Early County. The exemption amount is based on the assessed value of the homestead property, determined annually using the net proceeds of the sales tax. The exemption applies to all ad valorem taxes imposed by the city for all purposes. The bill includes definitions for key terms and specifies the terms and conditions of the exemption.