This referendum allows a new homestead exemption from city property taxes only for persons living in a city that is located in more than one county, that levies a sales tax for public transit and has an independent public school system. It would exempt city taxes in an amount equal to the amount by which the current year assessed value of a homestead exceeds the adjusted base year value of such homestead.
A YES vote supports this measure to provide for a homestead property tax exemption in some cities equal to the difference between the home's assessed value for the current year and the adjusted base year value of the home.
A NO vote opposes this measure.
Ballot language:
House Bill No. 820
Act No. 346
Ga. L. 2018, p. 235
“Do you approve a new homestead exemption in a municipal corporation that is located in more than one county, that levies a sales tax for the purposes of a metropolitan area system of public transportation, and that has within its boundaries an independent school system, from ad valorem taxes for municipal purposes in the amount of the difference between the current year assessed value of a home and the adjusted base year value, provided that the lowest base year value will be adjusted yearly by 2.6 percent?”
