Georgia SB2 proposes a homestead exemption from City of Brunswick ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia SB2 establishes a homestead exemption from City of Brunswick ad valorem taxes for residents of the special district based on the proceeds of a new 1 percent Local Homestead Option Sales Tax. If approved by voters, the exemption will be in the amount of the assessed value of the homestead property. The exemption applies to all taxable years from January 1, 2027, to December 31, 2039. The bill outlines the terms and conditions of the exemption, procedures for claiming it, and the conditions for its renewal.

Georgia SB2 proposes a homestead exemption from City of Brunswick ad valorem taxes based on a new Local Homestead Option Sales Tax.

Georgia SB2 establishes a homestead exemption from City of Brunswick ad valorem taxes for residents of the special district based on the proceeds of a new 1 percent Local Homestead Option Sales Tax. If approved by voters, the exemption will be in the amount of the assessed value of the homestead property. The exemption applies to all taxable years from January 1, 2027, to December 31, 2039. The bill outlines the terms and conditions of the exemption, procedures for claiming it, and the conditions for its renewal.