Georgia HB60 proposes a homestead exemption from Montgomery County ad valorem taxes, funded by a new Local Homestead Option Sales Tax.

Georgia HB60 provides a homestead exemption from Montgomery County ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property based on sales tax proceeds. It requires a referendum for approval, with an election on November 2, 2026. If approved, the exemption will be effective from January 1, 2027, until December 31, 2037. The exemption applies to all taxable years beginning on January 1, 2028, and ending on December 31, 2039.

Georgia HB60 proposes a homestead exemption from Montgomery County ad valorem taxes, funded by a new Local Homestead Option Sales Tax.

Georgia HB60 provides a homestead exemption from Montgomery County ad valorem taxes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property based on sales tax proceeds. It requires a referendum for approval, with an election on November 2, 2026. If approved, the exemption will be effective from January 1, 2027, until December 31, 2037. The exemption applies to all taxable years beginning on January 1, 2028, and ending on December 31, 2039.