Georgia HB46 proposes a homestead exemption from City of Cartersville ad valorem taxes for residents of Bartow County.

Georgia HB46 provides a homestead exemption from City of Cartersville ad valorem taxes for residents of Bartow County. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new Local Homestead Option Sales Tax. The exemption applies to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The bill requires an election for approval by the city's electors, and if approved, the exemption becomes effective on January 1, 2027. If not approved, the bill is automatically repealed.

Georgia HB46 proposes a homestead exemption from City of Cartersville ad valorem taxes for residents of Bartow County.

Georgia HB46 provides a homestead exemption from City of Cartersville ad valorem taxes for residents of Bartow County. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new Local Homestead Option Sales Tax. The exemption applies to all taxable years beginning on January 1, 2027, and ending on December 31, 2039. The bill requires an election for approval by the city's electors, and if approved, the exemption becomes effective on January 1, 2027. If not approved, the bill is automatically repealed.