Statham, City of; ad valorem tax for municipal purposes; provide homestead exemption
Statham, Georgia gains authority to impose property tax on residents while offering homestead exemptions to qualifying homeowners for municipal revenue needs.
Statham, Georgia gains authority to impose property tax on residents while offering homestead exemptions to qualifying homeowners for municipal revenue needs.
HB 1573 authorizes the City of Statham, Georgia to levy an ad valorem (property) tax for municipal purposes and establishes a homestead exemption on that tax. This local bill allows Statham to create a new revenue source while providing property tax relief to homeowners who qualify for the exemption.
This bill directly affects Statham residents' property tax obligations and the city's fiscal capacity. It enables municipal funding for services like infrastructure, public safety, and utilities while the homestead exemption protects a portion of homeowner equity from taxation—a balance between revenue generation and property owner relief.
Compiled from official sources — confirm details with the bill’s official record.
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