Georgia HB6 proposes a homestead exemption from City of Toccoa ad valorem taxes using proceeds from a new Local Homestead Option Sales Tax.
Georgia HB6 seeks to provide a homestead exemption from City of Toccoa ad valorem taxes for city purposes. The exemption amount is determined annually based on the net proceeds of a new 1 percent Local Homestead Option Sales Tax imposed within the special district of Stephens County. The exemption applies to all ad valorem taxes imposed by the city for all purposes. The bill outlines procedures for claiming the exemption, including application requirements and automatic renewal.
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