Georgia HB33 proposes a homestead exemption from Cherokee County ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia HB33 aims to provide a homestead exemption from Cherokee County ad valorem taxes, funded by a new Local Homestead Option Sales Tax (LHOST). If approved by voters, the exemption will be in the amount of the assessed value of the homestead property. The LHOST will be imposed from January 1, 2028, until December 31, 2037. The exemption will apply to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The bill includes provisions for a referendum, automatic repeal, and judicial remedies if the election superintendent fails to comply.

Georgia HB33 proposes a homestead exemption from Cherokee County ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).

Georgia HB33 aims to provide a homestead exemption from Cherokee County ad valorem taxes, funded by a new Local Homestead Option Sales Tax (LHOST). If approved by voters, the exemption will be in the amount of the assessed value of the homestead property. The LHOST will be imposed from January 1, 2028, until December 31, 2037. The exemption will apply to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The bill includes provisions for a referendum, automatic repeal, and judicial remedies if the election superintendent fails to comply.