Fayette County opts out of statewide homestead exemption ahead of 2025 deadline

Fannin County has officially decided to opt out of a new statewide homestead exemption, a move that could have significant implications for local taxpayers. During a special called meeting on February 6, 2025, the Fannin County Board of Commissioners unanimously passed a resolution to forgo the homestead exemption established under Georgia law OCGA 48-5-44.2, which takes effect on January 1, 2025.

The resolution allows the county to avoid the exemption on taxes levied for state, county, municipal, or local school district purposes. This decision comes after the county fulfilled the necessary legal procedures, including holding three public meetings and advertising the opt-out in local media.

Commissioners emphasized the importance of this decision, which must be finalized by March 1, 2025, to ensure compliance with state regulations. The resolution will be sent to the Georgia Secretary of State, marking a significant step in Fannin County's fiscal strategy.

This move reflects the county's desire to maintain its current tax structure and could influence future budgetary decisions. As the deadline approaches, the implications of this resolution will be closely monitored by residents and local officials alike.