Plain English Breakdown
Checked against official source text during the last sync.
Colquitt County Homestead Tax Exemption
This law provides a $10,000 reduction in the assessed value of homes for county tax purposes to residents of Colquitt County.
What This Bill Does
- Provides a homestead exemption from ad valorem taxes for county purposes in an amount equal to $10,000 of the home's assessed value.
- Defines terms and sets conditions that homeowners must meet to receive the exemption.
- Outlines procedures related to applying for and managing the tax break.
- Includes rules about when the law takes effect and how it may be automatically repealed.
Who It Names or Affects
- Residents of Colquitt County who own a home as their primary residence
- Colquitt County officials responsible for collecting taxes
Terms To Know
- Ad valorem tax
- A property tax based on the value of the land or building.
- Homestead exemption
- A reduction in taxes for a person's primary home to lower their bill.
Limits and Unknowns
- The official summary does not list the specific documents or steps required to apply.
- The exact date when the automatic repeal of this law will happen is not stated in the provided text.