Georgia HB57 proposes a homestead exemption from Pierce County ad valorem taxes funded by a new Local Homestead Option Sales Tax (LHOST).
Georgia HB57 introduces a homestead exemption from Pierce County ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST). This exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. The exemption is available to residents of the special district, which is conterminous with Pierce County. The bill outlines the terms and conditions of the exemption, including its applicability and renewal process.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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