A BILL to be entitled an Act to amend Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to ad valorem taxation of property, so as to provide that property tax bills shall include the amounts of assessments levied for each of the three immediately preceding tax years; to provide for a homestead exemption from ad valorem taxes for all purposes in an amount equal to the amount by which the current year assessed value of a homestead exceeds the adjusted base year assessed value of such homestead; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to provide for related matters; to repeal conflicting laws; and for other purposes.

Statutes affected:
LC 43 1854/a: 48-5-33, 48-5-44.2, 48-5-40, 48-5-50.1, 48-5-210.1, 48-5-380, 48-5-264, 48-5-311, 48-5-301, 48-5-306, 48-5-315