Georgia HB25 proposes a homestead exemption from Stephens County ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia HB25 provides a homestead exemption from Stephens 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. To receive the exemption, residents must apply to the local tax official. The exemption applies only to Stephens County and does not affect other ad valorem taxes. The bill requires a referendum for approval, with the election to be conducted by the county's election superintendent.

Georgia HB25 proposes a homestead exemption from Stephens County ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia HB25 provides a homestead exemption from Stephens 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. To receive the exemption, residents must apply to the local tax official. The exemption applies only to Stephens County and does not affect other ad valorem taxes. The bill requires a referendum for approval, with the election to be conducted by the county's election superintendent.