Georgia Save Our Home Act 2025 Update. Kathleen supports the Affordable Homes Act The legislation, also known as the "Save Our Homes Act", aims to address longstanding issues with local property taxes •However, the local delegation may pass a local Act of the General Assembly to implement a local floating homestead exemption at any time.
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While lawmakers are back at work for the 2025 session of the General Assembly, a lot of the talk around the Capitol and across the state has been about a bill that passed last year, won approval as a ballot question this past November, was signed by Gov Local governments wishing to opt out of the statewide floating homestead exemption must do so by March 1, 2025.
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Lawmakers say the bill was designed to provide property tax relief for homeowners by capping the annual increase in property values for tax purposes. Highlights from the February 5, 2025 Board Meeting Brian Kemp, and went into effect on January 1, 2025
House State & Local Government Committee March 12, 2025 House Hearing Room 1 House State. It was passed in the 2024 session due to the Legislature's concern about rising. The bill, which took effect on January 1, 2025, introduces significant changes to property tax regulations and creates a new local option sales tax, aiming to provide.
House State & Local Government Committee March 12, 2025 House Hearing Room 1 House State. Governor Burt Jones's property tax reform priority, House Bill 581, passed the Senate •A governing authority may not opt-out of the statewide floating homestead exemption after this deadline