Georgia SB1 proposes a homestead exemption from Glynn County ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia SB1 introduces a homestead exemption from Glynn County ad valorem taxes, determined annually using the proceeds of a new Local Homestead Option Sales Tax (LHOST). This exemption applies to the assessed value of the homestead property located within the special district. The exemption is additional to any other applicable homestead exemptions and does not replace them. The bill outlines procedures for applying for the exemption and mandates an election for approval. If approved, the exemption will be effective from January 1, 2027, until December 31, 2039.

Georgia SB1 proposes a homestead exemption from Glynn County ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia SB1 introduces a homestead exemption from Glynn County ad valorem taxes, determined annually using the proceeds of a new Local Homestead Option Sales Tax (LHOST). This exemption applies to the assessed value of the homestead property located within the special district. The exemption is additional to any other applicable homestead exemptions and does not replace them. The bill outlines procedures for applying for the exemption and mandates an election for approval. If approved, the exemption will be effective from January 1, 2027, until December 31, 2039.