City of Toccoa; ad valorem taxes; homestead property determined annually for the special district based upon the proceeds of a new Local Homestead Option Sales Tax (LHOST); provide homestead exemption

Summary

The bill establishes a new Local Homestead Option Sales Tax (LHOST) whose revenue is used each year to determine the value of homestead property for ad valorem tax purposes in a special district of the City of Toccoa. It also provides a homestead exemption for qualifying owners. The measure aims to adjust property tax assessments based on local sales‑tax revenue.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share