Georgia SB8 proposes a homestead exemption from City of Plains ad valorem taxes based on the proceeds of a new Local Homestead Option Sales Tax.

Georgia SB8 establishes a homestead exemption from City of Plains ad valorem taxes for residents of the special district, based on the proceeds of a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property annually determined by the net proceeds of the LHOST collected within Sumter County. The exemption is in addition to any other applicable homestead exemptions and applies to taxable years from January 1, 2027, to December 31, 2039.

Georgia SB8 proposes a homestead exemption from City of Plains ad valorem taxes based on the proceeds of a new Local Homestead Option Sales Tax.

Georgia SB8 establishes a homestead exemption from City of Plains ad valorem taxes for residents of the special district, based on the proceeds of a new Local Homestead Option Sales Tax (LHOST). The exemption applies to the assessed value of homestead property annually determined by the net proceeds of the LHOST collected within Sumter County. The exemption is in addition to any other applicable homestead exemptions and applies to taxable years from January 1, 2027, to December 31, 2039.