WeVote
Log In

Bill

Bill

HB 745

RELATING TO BUILDING CODES.

2025 Regular Session Introduced by Luke Evslin and 1 co-sponsor

House Bill 745 offers Loganville homeowners a tax exemption on property value increases, easing their tax burden while ensuring automatic renewal for eligible residents.

Carried over to 2026 Regular Session.
#amendments #counties #hawaiistatebuildingcode
0
WeVote Research Nonpartisan
Bill Summary · HB 745

Summary of House Bill 745 (HB 745)

Purpose and Intent

House Bill 745 (HB 745) aims to provide a homestead exemption from ad valorem taxes for municipal purposes in the City of Loganville, Georgia. The exemption is designed to alleviate the tax burden on residents by allowing them to exempt a portion of their property value from taxation, specifically the amount by which the current year assessed value exceeds a previously established base year assessed value.

Key Provisions

  • Homestead Exemption: Residents of Loganville can receive an exemption equal to the difference between the current year assessed value of their homestead and its adjusted base year assessed value.

  • Definitions: The bill defines key terms including:

    • Ad valorem taxes: Taxes levied for municipal purposes, excluding those for bonded indebtedness.
    • Adjusted base year assessed value: A calculation that includes the previous adjusted base year value, adjusted for inflation and any substantial property changes.
    • Base year assessed value: The assessed value of the homestead from the taxable year immediately preceding the year the exemption is first granted.

  • Application Process: Residents must apply for the exemption, but those who were granted a homestead exemption for the 2025 tax year will be automatically eligible for the exemption in 2026 without reapplying.

  • Automatic Renewal: The exemption will automatically renew each year as long as the resident continues to occupy the property as their homestead.

  • Surviving Spouse Provision: The surviving spouse of a deceased person who received the exemption can continue to receive it as long as they occupy the home.

  • Limitations: The exemption does not apply to state or county taxes for educational purposes and cannot be combined with other base year value homestead exemptions.

Affected Parties

  • Residents of Loganville: The primary beneficiaries of this bill are homeowners in Loganville who meet the eligibility criteria for the homestead exemption.
  • City of Loganville: The local government will need to implement the exemption and manage the application process.

Procedural Aspects

  • Introduced: March 10, 2025
  • Status: Reported from the Judiciary Committee and recommended for referral to the Finance Committee.
  • Legislative Actions: The bill has undergone several readings and committee reviews, with the latest action being its signing by the Governor on May 9, 2025, and it became effective on the same day.

Conclusion

HB 745 represents a significant step towards providing tax relief for homeowners in Loganville by establishing a homestead exemption that adjusts based on property value changes. This legislation aims to support residents in managing their property taxes while ensuring compliance with constitutional requirements.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.