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Senate committee approves cleanup to homestead opt-out rules; requires annual reauthorization for jurisdictions that opted out
Summary
The Senate Finance Committee approved House Bill 92, a cleanup to the floating homestead exemption law that requires jurisdictions that opt out by March 1, 2025, to reauthorize that opt-out annually and clarifies deadlines for estimated rollback rate certification.
The Georgia Senate Finance Committee on an announced voice vote moved House Bill 92 forward after adopting a technical amendment that clarifies how local governments opt out of the statewide floating homestead exemption.
The bill, introduced to the committee as a cleanup to prior property-tax relief legislation, requires any levying authority that opts out by March 1, 2025, to repeat that opt-out annually to remain exempt. The draft also revises deadlines and procedures for certifying estimated rollback rates and for when a county may use the prior year’s millage if an estimated rate is not certified on time.
Committee members and counsel spent the bulk of the discussion on two interlocking…
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