Plain English Breakdown
Checked against official source text during the last sync.
Coweta County School District Homestead Tax Exemption Increase
This law raises the amount of property tax exemption available to older residents in Coweta County for their homes.
What This Bill Does
- Increases homestead exemptions from school district taxes based on age groups.
- Sets a $40,000 exemption for residents aged 65 through 70.
- Sets a $60,000 exemption for residents aged 71 through 74.
- Sets an $80,000 exemption for residents aged 75 and older.
- Specifies the terms, conditions, and procedures for this tax break.
Who It Names or Affects
- Homeowners in Coweta County who are at least 65 years old.
- The Coweta County School District, which collects ad valorem taxes for education.
Terms To Know
- Homestead exemption
- A rule that lowers the value of a home used to calculate property tax bills.
- Ad valorem tax
- A tax based on the assessed value of real estate or personal property.
Limits and Unknowns
- The bill text does not list specific income limits for these exemptions.
- The summary mentions procedures exist but does not explain how residents apply.