Georgia Authorizes Walker County Homestead Property Tax Exemption, Subject to Voter Approval

The Georgia Governor signed a law concerning a homestead property tax exemption. The law includes: 1) providing a $50,000.00 assessed value homestead exemption from Walker County school district ad valorem taxes for educational purposes for residents of the school district who are 70 years of age or older, and the full assessed value for residents who have lived in the district for five years or more and are 75 years of age or older; 2) requiring voter approval of the exemption in the November 2026 election; and 3) providing that the exemption is applicable beginning on or after Jan. 1, ...