Lanier County proposes a homestead exemption from ad valorem taxes funded by a new Local Homestead Option Sales Tax.

Georgia HB75 proposes a homestead exemption from Lanier County ad valorem taxes, funded by a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. The exemption is automatic and renewable annually if the resident remains eligible. The bill includes definitions, terms, conditions, and procedures for the exemption, and mandates an election for voter approval. If approved, the exemption takes effect January 1, 2027, and applies until December 31, 2039.

Lanier County proposes a homestead exemption from ad valorem taxes funded by a new Local Homestead Option Sales Tax.

Georgia HB75 proposes a homestead exemption from Lanier County ad valorem taxes, funded by a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. The exemption is automatic and renewable annually if the resident remains eligible. The bill includes definitions, terms, conditions, and procedures for the exemption, and mandates an election for voter approval. If approved, the exemption takes effect January 1, 2027, and applies until December 31, 2039.