Georgia SB7 proposes a homestead exemption from Webster County ad valorem taxes based on the proceeds of a new Local Homestead Option Sales Tax.

Georgia SB7 establishes a homestead exemption from Webster County ad valorem taxes for residents of the special district. The exemption amount is determined annually based on the net proceeds of the LHOST. The exemption applies to the assessed value of the homestead property and is in addition to any other homestead exemptions. The bill requires an election for approval, and if approved, the exemption will be effective from January 1, 2027, until December 31, 2039. The LHOST will be imposed from January 1, 2027, until December 31, 2037.

Georgia SB7 proposes a homestead exemption from Webster County ad valorem taxes based on the proceeds of a new Local Homestead Option Sales Tax.

Georgia SB7 establishes a homestead exemption from Webster County ad valorem taxes for residents of the special district. The exemption amount is determined annually based on the net proceeds of the LHOST. The exemption applies to the assessed value of the homestead property and is in addition to any other homestead exemptions. The bill requires an election for approval, and if approved, the exemption will be effective from January 1, 2027, until December 31, 2039. The LHOST will be imposed from January 1, 2027, until December 31, 2037.