Georgia HB59 proposes a homestead exemption from Walton County ad valorem taxes based on the proceeds of a new Local Homestead Option Sales Tax.

Georgia HB59 provides a homestead exemption from Walton County ad valorem taxes for residents of the special district. The exemption amount is determined annually based on the net proceeds of the LHOST. To qualify, residents must file an application with the local tax official. The exemption applies to all ad valorem taxes imposed by the county and lasts from January 1, 2027, to December 31, 2039. The LHOST will be imposed from January 1, 2028, until December 31, 2037. The bill requires a referendum for approval, which will be held on the Tuesday following the first Monday in November 2026.

Georgia HB59 proposes a homestead exemption from Walton County ad valorem taxes based on the proceeds of a new Local Homestead Option Sales Tax.

Georgia HB59 provides a homestead exemption from Walton County ad valorem taxes for residents of the special district. The exemption amount is determined annually based on the net proceeds of the LHOST. To qualify, residents must file an application with the local tax official. The exemption applies to all ad valorem taxes imposed by the county and lasts from January 1, 2027, to December 31, 2039. The LHOST will be imposed from January 1, 2028, until December 31, 2037. The bill requires a referendum for approval, which will be held on the Tuesday following the first Monday in November 2026.