Georgia HB80 proposes a homestead exemption from Fayette County ad valorem taxes funded by a new Local Homestead Option Sales Tax.
Georgia HB80 seeks to provide a homestead exemption from Fayette County ad valorem taxes for county purposes, funded by a new 1 percent Local Homestead Option Sales Tax. This tax will be imposed within the special district conterminous with Fayette County. The exemption applies to the assessed value of homestead property as determined annually using the proceeds of the new sales tax.
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