Provides a homestead exemption from Stephens County ad valorem taxes based on a new Local Homestead Option Sales Tax.

This bill establishes a homestead exemption from Stephens County ad valorem taxes for the assessed value of homestead property, determined annually based on the proceeds of a new Local Homestead Option Sales Tax (LHOST). The exemption applies to all ad valorem taxes imposed by the county for all purposes. The exemption is granted to residents of the special district, which is conterminous with Stephens County. The exemption is in addition to any other homestead exemption and applies to taxable years beginning on January 1, 2028, until December 31, 2039.

Provides a homestead exemption from Stephens County ad valorem taxes based on a new Local Homestead Option Sales Tax.

This bill establishes a homestead exemption from Stephens County ad valorem taxes for the assessed value of homestead property, determined annually based on the proceeds of a new Local Homestead Option Sales Tax (LHOST). The exemption applies to all ad valorem taxes imposed by the county for all purposes. The exemption is granted to residents of the special district, which is conterminous with Stephens County. The exemption is in addition to any other homestead exemption and applies to taxable years beginning on January 1, 2028, until December 31, 2039.