Georgia Save Our Home Act 2025 Update

Georgia Save Our Home Act 2025 Update. Nonprofit Vote •A governing authority may not opt-out of the statewide floating homestead exemption after this deadline Governor Burt Jones's property tax reform priority, House Bill 581, passed the Senate

Lawmakers say the bill was designed to provide property tax relief for homeowners by capping the annual increase in property values for tax purposes. •However, the local delegation may pass a local Act of the General Assembly to implement a local floating homestead exemption at any time.

Atlanta, Save our homes rally Photo JC Phillips… Alliance for Retired Americans

What is it: HB581, or the Save the Homes Act, is a state law passed by the General Assembly and approved by Georgia voters in a statewide referendum in 2024.The law changes several ad valorem tax provisions, establishes a new statewide floating homestead tax exemption and creates a new sales tax option for local governments. Local governments wishing to opt out of the statewide floating homestead exemption must do so by March 1, 2025. •A governing authority may not opt-out of the statewide floating homestead exemption after this deadline

Could a GOP bill stop some married women from voting?. What is it: HB581, or the Save the Homes Act, is a state law passed by the General Assembly and approved by Georgia voters in a statewide referendum in 2024.The law changes several ad valorem tax provisions, establishes a new statewide floating homestead tax exemption and creates a new sales tax option for local governments. •However, the local delegation may pass a local Act of the General Assembly to implement a local floating homestead exemption at any time.

News 6 Congressman Soto Introduces Save Our Homes Act YouTube. The enactment of HB 581 is contingent upon the passage of a constitutional amendment (House Resolution 1022) by Georgia voters in the November 2024 referendum Georgia's House Bill 581 (HB 581), also known as the "Save Our Homes Act," has sparked a heated debate between taxpayers and local governments since its passage in April 2024