Georgia HB29 proposes a homestead exemption from Calhoun County ad valorem taxes for certain residents.

Georgia HB29 provides a homestead exemption from Calhoun County ad valorem taxes for eligible residents. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST) within the special district. To qualify, residents must apply for the exemption with the local tax official. The exemption applies to taxable years beginning January 1, 2027, and ending December 31, 2039.

Georgia HB29 proposes a homestead exemption from Calhoun County ad valorem taxes for certain residents.

Georgia HB29 provides a homestead exemption from Calhoun County ad valorem taxes for eligible residents. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST) within the special district. To qualify, residents must apply for the exemption with the local tax official. The exemption applies to taxable years beginning January 1, 2027, and ending December 31, 2039.