Georgia HB3 proposes a homestead exemption from City of Rentz ad valorem taxes for municipal purposes.

Georgia HB3 provides a homestead exemption from City of Rentz ad valorem taxes for municipal purposes, determined annually based on the net proceeds of a new Local Homestead Option Sales Tax within the special district. The exemption applies to all ad valorem taxes imposed by the city for all purposes. The exemption amount is the assessed value of the homestead property. The bill requires an election to be held on the Tuesday following the first Monday in November 2026, where voters will decide on the approval of the Act. If approved, the Act will become effective on January 1, 2027.

Georgia HB3 proposes a homestead exemption from City of Rentz ad valorem taxes for municipal purposes.

Georgia HB3 provides a homestead exemption from City of Rentz ad valorem taxes for municipal purposes, determined annually based on the net proceeds of a new Local Homestead Option Sales Tax within the special district. The exemption applies to all ad valorem taxes imposed by the city for all purposes. The exemption amount is the assessed value of the homestead property. The bill requires an election to be held on the Tuesday following the first Monday in November 2026, where voters will decide on the approval of the Act. If approved, the Act will become effective on January 1, 2027.