Georgia HB54 proposes a homestead exemption from Bacon County ad valorem taxes using proceeds from a new Local Homestead Option Sales Tax.

Georgia HB54 provides a homestead exemption from Bacon County ad valorem taxes, determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). This exemption applies to all residents of the special district conterminous with Bacon County. The exemption is automatic and renewable annually, provided the resident continues to occupy the property as a homestead and remains eligible. The bill includes provisions for a referendum, automatic repeal if not approved, and compliance with constitutional requirements.

Georgia HB54 proposes a homestead exemption from Bacon County ad valorem taxes using proceeds from a new Local Homestead Option Sales Tax.

Georgia HB54 provides a homestead exemption from Bacon County ad valorem taxes, determined annually based on the net proceeds of a new Local Homestead Option Sales Tax (LHOST). This exemption applies to all residents of the special district conterminous with Bacon County. The exemption is automatic and renewable annually, provided the resident continues to occupy the property as a homestead and remains eligible. The bill includes provisions for a referendum, automatic repeal if not approved, and compliance with constitutional requirements.