Georgia HB40 proposes a homestead exemption from City of Fort Oglethorpe ad valorem taxes for residents of Catoosa County.

Georgia HB40 seeks to provide a homestead exemption from City of Fort Oglethorpe ad valorem taxes for residents of Catoosa County. The exemption amount will be determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST) within the special district. The exemption applies to the assessed value of the homestead property and is subject to a referendum. If approved by voters, the exemption will be effective from January 1, 2027, through December 31, 2039.

Georgia HB40 proposes a homestead exemption from City of Fort Oglethorpe ad valorem taxes for residents of Catoosa County.

Georgia HB40 seeks to provide a homestead exemption from City of Fort Oglethorpe ad valorem taxes for residents of Catoosa County. The exemption amount will be determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST) within the special district. The exemption applies to the assessed value of the homestead property and is subject to a referendum. If approved by voters, the exemption will be effective from January 1, 2027, through December 31, 2039.