Georgia Governor Signs Law to Repeal Oconee County Seniors Homestead Property Tax Exemption (Law 1 of 2)

The Georgia Governor April 27 signed a law to repeal a homestead property tax exemption for senior residents of Oconee County. The law includes measures: 1) specifying a ballot question to ask voters in the 2024 general primary election whether to repeal the Oconee County ad valorem tax exemption for the full value of a homestead for residents at least age 65 with household gross income exceeding $40,000; 2) specifying that the law apply from Jan. 1, 2025, if voters approve it and other specified 2023 bills; and 3) automatically repealing the law on Jan. 1, 2024, if certain the ...