Georgia Governor Signs Law Providing Homestead Exemption for Barrow County Senior Citizens

The Georgia Governor May 1 signed a law providing homestead exemption from Barrow County ad valorem taxes for educational purposes for certain senior citizens with certain maximum incomes in an amount equal to the amount by which the current year assessed value of the homestead exceeds its base year assessed value. The law also includes: 1) relevant definitions; 2) the terms and conditions of the exemption; 3) the procedure for its application; and 4) eligibility criteria. The exemption applies from Jan. 1, 2025. [H.B. 1086, enacted 05/01/24]

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