Georgia HB43 proposes a homestead exemption from City of Blakely ad valorem taxes for residents of Early County.

Georgia HB43 proposes a homestead exemption from City of Blakely ad valorem taxes for residents of Early County. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of the homestead property and is subject to renewal annually if the resident remains eligible. The bill includes provisions for definitions, applicability, compliance with constitutional requirements, and a referendum for approval.

Georgia HB43 proposes a homestead exemption from City of Blakely ad valorem taxes for residents of Early County.

Georgia HB43 proposes a homestead exemption from City of Blakely ad valorem taxes for residents of Early County. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of the homestead property and is subject to renewal annually if the resident remains eligible. The bill includes provisions for definitions, applicability, compliance with constitutional requirements, and a referendum for approval.