Ad valorem tax; state-wide homestead tax exemption for a portion of the value of the homestead for certain senior residents; provide

Summary

The bill would let Georgia homeowners who are at least 60 years old exempt $500,000 of their home's assessed value from local ad valorem taxes. The exemption would apply statewide starting in 2027, but only if the legislature approves it by a two‑thirds vote and voters approve it in a statewide referendum. Surviving spouses can keep the exemption as long as they continue to live in the home.

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