HB769 - Oconee County; ad valorem tax; county purposes; provide homestead exemption

2 Co-Sponsors

A BILL to be entitled an Act to provide a homestead exemption from Oconee County ad valorem taxes for county purposes in the amount of $3,000.00 of the assessed value of the homestead for residents of that county; to provide for the automatic increase of such exemption to $8,000.00 of the assessed value of the homestead for residents of that county on January 1, 2035; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, automatic repeal, mandatory execution of election, and judicial remedies regarding failure to comply; to provide for related matters; to repeal conflicting laws; and for other purposes.