Georgia Governor Signs Law Increasing Property Tax Exemption to Elderly Paulding County School District Residents

The Georgia Governor April 25 signed a law increasing property tax exemptions for elderly residents of the Paulding County School District. The law includes measures: 1) providing that the homestead of each resident of the Paulding County School District who is 65 years of age or over, regardless of income, shall be fully exempt from Paulding County School District property taxation to pay interest on or to retire school bond indebtedness; 2) providing complete exemption from all ad valorem taxation for educational purposes levied by or on behalf of the Paulding County School District to residents who are 70 years ...