Georgia Authorizes Lee County Senior Homestead Property Tax Exemption

The Georgia Governor signed a law that includes: 1) authorizing a homestead property tax exemption from Lee County school district ad valorem taxes for educational purposes in the amount of the full assessed value of the homestead for residents of that school district who are 67 years of age or older, and only for such ad valorem taxes to pay interest on and to retire county school district bonded indebtedness; 2) providing that the exemption will not be effective unless approved by voters in the Nov. 2026 election; and 3) if approved by the voters, the exemption will become effective ...