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Savannah-Chatham County public hearing examines whether to adopt state’s HB 581 floating homestead exemption
Summary
The Savannah-Chatham County School Board held a public hearing on Feb. 6 to examine Georgia House Bill 581, the statewide floating homestead exemption signed into law April 18, 2024, and to collect public comment on whether local jurisdictions should opt into the program.
Savannah — The Savannah-Chatham County School Board held a public hearing on Feb. 6 to gather public comment and hear a staff presentation on Georgia House Bill 581, the statewide “floating” homestead exemption signed into law on April 18, 2024.
Finance Division Controller Laundice Homes presented the county’s second public briefing on HB 581 and said the bill creates a statewide floating exemption intended "to control assessments of properties by freezing property values." Homes told the board the law was approved by state voters on Nov. 5 and offers a statewide floating exemption, an optional local sales-tax offset and other property tax reforms, but does not eliminate existing local homestead exemptions.
The presentation compared HB 581 with Chatham County’s long-standing Stevens-Day homestead exemption, enacted by the state legislature in 1998 and commonly used by local…
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