Peachtree City, City of; ad valorem tax for municipal purposes; homestead exemption; increase income cap

Larger home tax exemption for Peachtree seniors

The law sets a larger Peachtree City home tax exemption, subject to local voter approval on November 4, 2025. With more than 50% voting yes, the exemption rises from $5,000 to $30,000 of assessed value on January 1, 2026. It covers city property taxes for homeowners age 65 or older who live in their Peachtree City homestead. The previous-year income cap rises from $30,000 to $60,000. A spouse’s income counts if the spouse also lives in the home. Assessed value above the exemption remains taxable; this is not a $30,000 reduction in the tax bill. The city pays for the election, with notices published in Fayette County’s official newspaper for two consecutive weeks. The election superintendent must certify results to the Secretary of State. A voter can ask a court to compel the election if the superintendent fails to comply. Without approval, or without the required election, the act automatically repeals itself 365 calendar days after the election date.