Walker County proposes a homestead exemption from ad valorem taxes using proceeds from a new Local Homestead Option Sales Tax.

Georgia House Bill 8 proposes a homestead exemption from Walker County ad valorem taxes. 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. The exemption applies to all portions of real property located within the special district and is in addition to any other homestead exemptions. The exemption applies to taxable years beginning January 1, 2027, and ending December 31, 2039. The bill includes provisions for a referendum, automatic repeal, and judicial remedies for non-compliance.

Walker County proposes a homestead exemption from ad valorem taxes using proceeds from a new Local Homestead Option Sales Tax.

Georgia House Bill 8 proposes a homestead exemption from Walker County ad valorem taxes. 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. The exemption applies to all portions of real property located within the special district and is in addition to any other homestead exemptions. The exemption applies to taxable years beginning January 1, 2027, and ending December 31, 2039. The bill includes provisions for a referendum, automatic repeal, and judicial remedies for non-compliance.