Plain English Breakdown
The official text confirms the exemption amount is $60,000 but does not specify if this applies retroactively or only for future tax years.
Cartersville School Tax Exemption for Residents Aged 65–69 and Disabled Individuals
This law increases the property tax exemption on Cartersville independent school district taxes to $60,000 of assessed value for residents who are between ages 65 and 69 or totally disabled.
What This Bill Does
- Amends a previous law that provided a smaller homestead exemption amount.
- Sets the new homestead exemption at $60,000 of the home's assessed value for eligible residents.
- Applies this exemption specifically to City of Cartersville independent school district ad valorem taxes for educational purposes.
- Repeals laws that conflict with these new rules.
Who It Names or Affects
- Residents of the City of Cartersville who are between 65 and 69 years old.
- Totally disabled residents of the City of Cartersville.
- The City of Cartersville independent school district.
Terms To Know
- Homestead exemption
- A rule that lowers property taxes by removing a set amount from the home's value used to calculate tax for people living in their own home.
- Ad valorem tax
- A tax based on the assessed value of real estate, such as school district taxes.
Limits and Unknowns
- The official text does not explain how residents apply for this exemption.
- The law only covers specific age groups (65 to 69) and totally disabled individuals; it does not mention other ages or conditions.
- Detailed procedures are not included in the provided summary.