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Peachtree City council adopts senior homestead exemption to widen eligibility; council votes 3–2
Summary
Council voted to adopt a resolution seeking a higher senior exemption (a $60,000 income threshold and a $30,000 exemption option in the draft) that city staff said would reduce average Peachtree City property tax bills by roughly 20% for qualifying households; the measure passed 3–2 and will go to state legislatures for final action.
Peachtree City council voted on a resolution to request state approval to expand the city’s senior homestead property-tax exemption. City staff presented options and fiscal estimates during the meeting and the council approved the resolution as written in the packet (the option discussed widely at the meeting raised the household income threshold to $60,000 and suggested a $30,000 exemption/value scenario).
City staff explained the change would increase the income threshold from $30,000 to $60,000 and increase the exemption value from $5,000 to $30,000 in the principal resolution packet; staff estimated roughly 2,000…
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