Georgia HB49 proposes a homestead exemption from City of Adairsville ad valorem taxes for Bartow County residents.

Georgia HB49 provides a homestead exemption from City of Adairsville 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 1 percent Local Homestead Option Sales Tax. The exemption applies to all taxable years beginning January 1, 2027, and ending December 31, 2039. The bill requires an election for approval, which must receive a two-thirds majority vote in both the Senate and House of Representatives.

Georgia HB49 proposes a homestead exemption from City of Adairsville ad valorem taxes for Bartow County residents.

Georgia HB49 provides a homestead exemption from City of Adairsville 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 1 percent Local Homestead Option Sales Tax. The exemption applies to all taxable years beginning January 1, 2027, and ending December 31, 2039. The bill requires an election for approval, which must receive a two-thirds majority vote in both the Senate and House of Representatives.