Georgia HB76 proposes a homestead exemption from Taylor County ad valorem taxes funded by a new Local Homestead Option Sales Tax.

Georgia HB76 provides a homestead exemption from Taylor County ad valorem taxes for county purposes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. The bill includes definitions for key terms such as "ad valorem taxes," "homestead property," and "LHOST." The exemption is subject to approval by voters in a referendum, with the election to be conducted by the county election superintendent.

Georgia HB76 proposes a homestead exemption from Taylor County ad valorem taxes funded by a new Local Homestead Option Sales Tax.

Georgia HB76 provides a homestead exemption from Taylor County ad valorem taxes for county purposes, funded by a new 1 percent Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property, determined annually based on LHOST proceeds. The bill includes definitions for key terms such as "ad valorem taxes," "homestead property," and "LHOST." The exemption is subject to approval by voters in a referendum, with the election to be conducted by the county election superintendent.