Georgia State Senate Passes Senior Homestead Exemption Bill

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Today, the Georgia State Senate passed Senate Bill 439, sponsored by Sen. Jason Esteves (D-Atlanta), through the Local Consent Calendar. The measure proposes a senior homestead exemption from City of Atlanta Independent School District ad valorem taxes for educational purposes. If enacted, this exemption would amount to $100,000 of the assessed value of the homestead.

The proposed exemption is specifically targeted at residents of Atlanta who are 65 years of age or older, with a single or combined household income not exceeding $100,000.

Sen. Esteves expressed his satisfaction with the passage of the bill, stating, “By advancing this measure through the Senate, we’re making meaningful progress in easing the burden of property taxes for our seniors. SB 439 will ensure that seniors in Atlanta can better afford to stay in their homes and communities. As we work towards fairness and prosperity for all, I’m honored to champion this initiative that directly benefits our constituents in the City of Atlanta. I extend my gratitude to my Senate colleagues for their support, and I eagerly anticipate its approval in the House.”

SB 439 will now move to the Georgia House of Representatives for consideration.

You can read the full text of SB 439 here.