Georgia HB52 proposes a homestead exemption from City of Walnut Grove ad valorem taxes based on the assessed value of homestead property.

Georgia HB52 proposes a homestead exemption from City of Walnut Grove ad valorem taxes for residents within a special district. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST) collected within Walton County. 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, with the election conducted by the election superintendent.

Georgia HB52 proposes a homestead exemption from City of Walnut Grove ad valorem taxes based on the assessed value of homestead property.

Georgia HB52 proposes a homestead exemption from City of Walnut Grove ad valorem taxes for residents within a special district. The exemption amount is determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST) collected within Walton County. 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, with the election conducted by the election superintendent.