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Bill Summary · HB 793

Summary of House Bill 793 (HB 793)

Title:

Home Ownership Municipal Exemption (H.O.M.E.) Act

Purpose:

House Bill 793 aims to establish a new homestead exemption from ad valorem taxes for municipal purposes in the City of Brunswick, Georgia. The exemption is designed to provide financial relief to homeowners based on the length of time they have owned their property.

Key Provisions:

  • Homestead Exemption Structure:

    • Homeowners in Brunswick will receive a percentage exemption from municipal ad valorem taxes based on the duration of ownership:
    • 5 years or less: 5% exemption
    • 6 to 10 years: 10% exemption
    • 11 to 20 years: 20% exemption
    • 21 to 29 years: 30% exemption
    • 30 years or more: 50% exemption
    • The exemption applies only to the assessed value of the homestead, with any value exceeding the exempted amount remaining taxable.

  • Surviving Spouse Provision:

    • The surviving spouse of a homeowner who qualifies for the exemption will continue to receive the same exemption as long as they occupy the residence.

  • Application Process:

    • Homeowners must apply for the exemption through the City of Brunswick’s governing authority or its designee. The exemption will be automatically renewed annually as long as the homeowner continues to occupy the property.

  • Exemption Limitations:

    • The exemption does not apply to state or county taxes or educational taxes levied by independent school districts. It is in addition to any other existing homestead exemptions.

  • Effective Date:

    • The exemption will be applicable to all taxable years beginning January 1, 2026, contingent upon voter approval.

Procedural Aspects:

  • Referendum Requirement:

    • The bill mandates a referendum to be held on the Tuesday following the first Monday in November 2025, allowing residents of Brunswick to vote on the approval of the exemption.
    • The election will be conducted by the municipal election superintendent, who is required to publish notices regarding the election.

  • Approval Threshold:

    • The bill requires a two-thirds majority vote in both the Georgia House of Representatives and the Senate to become law.

  • Automatic Repeal Clause:

    • If the referendum does not pass or if the election is not conducted as specified, the bill will be automatically repealed one year after the election date.

Impact:

  • Affected Parties:

    • The primary beneficiaries of this legislation will be homeowners in the City of Brunswick, particularly those who have owned their homes for extended periods. The bill aims to provide financial relief and encourage homeownership stability.

  • Financial Implications:

    • The exemption could significantly reduce the tax burden on long-term homeowners, potentially impacting municipal revenue from ad valorem taxes.

Legislative Timeline:

  • Introduced: March 18, 2025
  • Passed House: March 27, 2025
  • Passed Senate: March 31, 2025
  • Signed by Governor: May 1, 2025
  • Effective Date: May 1, 2025 (with provisions effective January 1, 2026, upon voter approval)

This summary provides an overview of HB 793, detailing its purpose, key provisions, procedural requirements, and potential impacts on the residents of Brunswick, Georgia.

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

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