Georgia HB63 provides a homestead exemption from Dodge County ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia HB63 establishes a homestead exemption from Dodge County ad valorem taxes for eligible residents. The exemption amount is determined annually based on the proceeds of a new Local Homestead Option Sales Tax (LHOST) within the special district. The exemption applies to all taxable years beginning January 1, 2027, and ending December 31, 2039. The bill requires an election to be held for voter approval, and if approved, the exemption will be automatically renewed annually without further application. The LHOST will be imposed for ten years, from January 1, 2027, to December 31, 2036.

Georgia HB63 provides a homestead exemption from Dodge County ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia HB63 establishes a homestead exemption from Dodge County ad valorem taxes for eligible residents. The exemption amount is determined annually based on the proceeds of a new Local Homestead Option Sales Tax (LHOST) within the special district. The exemption applies to all taxable years beginning January 1, 2027, and ending December 31, 2039. The bill requires an election to be held for voter approval, and if approved, the exemption will be automatically renewed annually without further application. The LHOST will be imposed for ten years, from January 1, 2027, to December 31, 2036.