Georgia HB74 proposes a homestead exemption from City of Dexter ad valorem taxes for residents of Laurens County.

Georgia HB74 proposes a homestead exemption from City of Dexter ad valorem taxes for residents of Laurens County. The exemption amount is determined annually based on the net 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 a referendum for approval, which must receive a two-thirds majority vote in both the Senate and the House of Representatives. If approved, the exemption will be automatically renewed annually for eligible residents.

Georgia HB74 proposes a homestead exemption from City of Dexter ad valorem taxes for residents of Laurens County.

Georgia HB74 proposes a homestead exemption from City of Dexter ad valorem taxes for residents of Laurens County. The exemption amount is determined annually based on the net 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 a referendum for approval, which must receive a two-thirds majority vote in both the Senate and the House of Representatives. If approved, the exemption will be automatically renewed annually for eligible residents.