Georgia HB24 proposes a homestead exemption from Franklin County ad valorem taxes, funded by a new Local Homestead Option Sales Tax.

Georgia HB24 introduces a homestead exemption from Franklin County ad valorem taxes, funded by a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. It is subject to voter approval in a November 2026 election. If approved, the exemption takes effect January 1, 2027, and lasts until December 31, 2037. The exemption applies to all residents of the special district, which is conterminous with Franklin County.

Georgia HB24 proposes a homestead exemption from Franklin County ad valorem taxes, funded by a new Local Homestead Option Sales Tax.

Georgia HB24 introduces a homestead exemption from Franklin County ad valorem taxes, funded by a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. It is subject to voter approval in a November 2026 election. If approved, the exemption takes effect January 1, 2027, and lasts until December 31, 2037. The exemption applies to all residents of the special district, which is conterminous with Franklin County.