Georgia HB72 proposes a homestead exemption from City of Patterson ad valorem taxes for Pierce County residents.

Georgia HB72 provides a homestead exemption from City of Patterson ad valorem taxes for Pierce County residents. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax. The bill includes definitions for key terms such as "ad valorem taxes," "homestead property," and "LHOST." The exemption applies to all taxable years beginning in 2027 and ending in 2039.

Georgia HB72 proposes a homestead exemption from City of Patterson ad valorem taxes for Pierce County residents.

Georgia HB72 provides a homestead exemption from City of Patterson ad valorem taxes for Pierce County residents. The exemption amount is based on the assessed value of the homestead property, determined annually using the proceeds of a new 1 percent Local Homestead Option Sales Tax. The bill includes definitions for key terms such as "ad valorem taxes," "homestead property," and "LHOST." The exemption applies to all taxable years beginning in 2027 and ending in 2039.