Georgia legislation · 2025-2026 Regular Session
Georgia HB370: Ad valorem tax; school districts; state-wide base year homestead exemption; provisions
Status: Passed both chambers, April 4, 2025
A BILL to be entitled an Act to amend Code Section 48-5-34 of the Official Code of Georgia Annotated, relating to ad valorem property tax bill form, so as to require the property tax bill for any school district that opts out of the state-wide base year homestead exemption to state the total amount of the school district's reserve funds; to require a statement on the property tax bill regarding certain political subdivisions that do not have in effect a base year homestead exemption; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Code Section 48-5-34 of the Official Code of Georgia Annotated, relating to ad valorem property tax bill form, so as to require the property tax bill for any school district that opts out of the state-wide base year homestead exemption to state the total amount of the school district's reserve funds; to require a statement on the property tax bill regarding certain political subdivisions that do not have in effect a base year homestead exemption; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws…
From the introduced text:
A BILL TO BE ENTITLED To amend Code Section 48-5-34 of the Official Code of Georgia Annotated, relating to ad valorem property tax bill form, so as to require the property tax bill for any school district that opts out of the state-wide base year homestead exemption to state the total amount of the school district's reserve funds; to require a statement on the property tax bill regarding certain political subdivisions that do not have in effect a base year homestead exemption; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Code Section 48-5-34 of the Official Code of Georgia Annotated, relating to ad valorem property tax bill form, is amended by adding new subsections to read as follows: "(c) For any school district that opts out of the state-wide base year homestead exemption as provided for in Code Section 48-5-44.2, the ad valorem property tax bill for such school district shall state in bold print the total amount of the school district's reserve funds as of January 1 of the tax year. H. B. LC 50 1082 (d) With respect to each governing authority of a county, consolidated government, municipality, or school district that elected to …