Plain English Breakdown
The exact date of the required election is not specified in the provided text, though the law becomes effective on May 11, 2026.
Heard County School Tax Exemption for Residents Age 70 and Older
This law provides a property tax break on school taxes in Heard County for residents who are at least 70 years old.
What This Bill Does
- Creates a homestead exemption from ad valorem taxes used for schools in Heard County equal to the total assessed value of the home.
- Sets rules and steps that residents must follow to get this tax break.
- Requires voters to approve the measure through an election before it starts.
- Includes a rule that ends the law automatically if certain conditions are not met.
Who It Names or Affects
- Residents of the Heard County school district who own and live in their homes.
- People within that group who are 70 years of age or older.
- The Heard County government agencies responsible for collecting taxes and holding elections.
Terms To Know
- Ad valorem tax
- A property tax based on the value of a home or land.
- Homestead exemption
- A rule that lowers taxes for people who live in their own homes by removing part or all of the home's value from taxation.
- Referendum
- An election where voters decide whether to approve a law or measure.
Limits and Unknowns
- The tax break only applies if the local school district holds an election and voters agree to it.
- The source text does not list specific forms, deadlines, or income limits for applying.
- The law includes a provision that causes it to end automatically under certain conditions.