All Roll Calls
Yes: 218 • No: 0
GeorgiaHB 7032025-2026 Regular SessionHouseWALLET
Peachtree City, City of; ad valorem tax for municipal purposes; homestead exemption; increase income cap
Sponsored By: Debra Bazemore (Democrat), Josh Bonner (Republican), Derrick Jackson (Democrat), Karen Mathiak (Republican)
Signed by Governor
Intragovernmental CoordinationState and Local Governmental OperationsLocal Bill
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Larger property tax break for Peachtree seniors
The law raises Peachtree City’s senior homestead exemption for city property taxes to $30,000 of assessed value, up from $5,000. It applies only to municipal (city) property taxes. You must be age 65 or older and live in the home. Your income, plus your spouse’s income if your spouse also lives there, must be $60,000 or less for the prior year. Only the first $30,000 of assessed value is exempt; the rest is still taxed. The change takes effect January 1, 2026 if city voters approve it on November 4, 2025. If voters do not approve or the election is not held as required, the change is repealed one year after the election date.
Sponsors & Cosponsors
Sponsors
Debra Bazemore
Democrat • House
Josh Bonner
Republican • House
Derrick Jackson
Democrat • House
Karen Mathiak
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 3/21/2025
LOCAL CONSENT CALENDAR
Yes: 53 • No: 0
House vote • 3/10/2025
Local Calendar
Yes: 165 • No: 0
Actions Timeline
House Date Signed by Governor
5/13/2025HouseAct 212
5/13/2025Effective Date
5/13/2025House Sent to Governor
4/7/2025HouseSenate Committee Favorably Reported
3/21/2025SenateSenate Passed/Adopted
3/21/2025SenateSenate Read and Referred
3/11/2025SenateHouse Committee Favorably Reported
3/10/2025HouseHouse Third Readers
3/10/2025HouseHouse Passed/Adopted
3/10/2025HouseHouse Second Readers
3/6/2025HouseHouse First Readers
3/4/2025HouseHouse Hopper
3/3/2025House
Bill Text
HB 703/AP* (v4)
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