Georgia HB77 proposes a homestead exemption from City of Butler ad valorem taxes for municipal purposes.

Georgia HB77 proposes a homestead exemption from City of Butler ad valorem taxes for municipal purposes. The exemption amount is determined annually based on the net proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST) within the special district of Taylor County. The exemption applies to all ad valorem taxes imposed by the city for all purposes. The exemption is subject to approval by the electors of the city in a referendum. If approved, the exemption will be effective from January 1, 2027, and will apply to all taxable years until December 31, 2039.

Georgia HB77 proposes a homestead exemption from City of Butler ad valorem taxes for municipal purposes.

Georgia HB77 proposes a homestead exemption from City of Butler ad valorem taxes for municipal purposes. The exemption amount is determined annually based on the net proceeds of a new 1 percent Local Homestead Option Sales Tax (LHOST) within the special district of Taylor County. The exemption applies to all ad valorem taxes imposed by the city for all purposes. The exemption is subject to approval by the electors of the city in a referendum. If approved, the exemption will be effective from January 1, 2027, and will apply to all taxable years until December 31, 2039.