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HR 0962 -	Local school district tax; authorize assessment of residential homesteaded property owned by individuals of certain ages at 20 percent of its fair market value; authorize General Assembly - CA

Tracking Level:

Watch

Sponsor:

Ron Stephens (R)

Last Action:

3/4/2020 - Senate Read and Referred

House Committee:

Ways and Means

Senate Committee:

Finance

Assigned To:

Taxation

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Staff Analysis of the Legislation

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SUMMARY:

LC 44 1341 LC 44 1341

Proposes a constitutional amendment to authorize assessment of residential homesteaded property owned by individuals who are 65 years of age or older at 20% of its fair market value in regards to local school district taxes for educational purposes.

The ballot submitting the above proposed amendment would read as follows:

( ) Yes

( ) No Shall the Constitution of Georgia be amended so as to authorize the General Assembly to provide by law for local referenda to authorize assessment of residential homesteaded property owned by individuals of certain ages at 20 percent of such property's fair market value regarding local school district taxes for educational purposes and to provide that such assessments may not be repealed except by local law once authorized?