GeorgiaHB 7442025-2026 Regular SessionHouseWALLET

Walnut Grove, City of; ad valorem tax; provide homestead exemption

Sponsored By: Tim Fleming (Republican), Reynaldo Martinez (Republican), Bruce Williamson (Republican)

Signed by Governor

Intragovernmental CoordinationState and Local Governmental OperationsLocal Bill

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

Walnut Grove homeowners get city tax break

Walnut Grove gives a new homestead exemption that lowers your city property tax bill. Each year, your exemption equals the amount your home’s assessed value is above your adjusted base year value. The adjusted base year can only rise by the prior‑year inflation rate plus 0.25 percentage points, plus any value from major property changes. The state revenue commissioner sets the inflation rate used for this cap. For first‑time grants in 2026, the base year is your 2024 assessed value. This exemption only applies to City of Walnut Grove taxes and cannot be combined with another city base‑year exemption; the city must use the one that gives you the bigger tax cut.

Apply and renew the Walnut Grove exemption

You must apply with the City of Walnut Grove to get this homestead exemption. If you had a homestead exemption for 2025 and still qualify in 2026, you get it automatically for 2026. The exemption renews each year while you live in the home as your homestead. You must tell the city if you no longer qualify. A surviving spouse who stays in the home keeps the exemption.

Walnut Grove vote required in Nov 2025

The city homestead exemption only takes effect if more than half of voters approve it in a Walnut Grove election on the Tuesday after the first Monday in November 2025. If approved, it applies to tax years starting January 1, 2026. If voters do not approve it, or the vote is not held, the exemption does not take effect and is repealed 365 days after that election date.

Sponsors & Cosponsors

Sponsors

  • Tim Fleming

    Republican • House

  • Reynaldo Martinez

    Republican • House

  • Bruce Williamson

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 210 • No: 0

Senate vote 3/27/2025

LOCAL CONSENT CALENDAR

Yes: 52 • No: 0

House vote 3/21/2025

Local Calendar

Yes: 158 • No: 0

Actions Timeline

  1. House Date Signed by Governor

    5/9/2025House
  2. Act 97

    5/9/2025
  3. Effective Date

    5/9/2025
  4. House Sent to Governor

    4/10/2025House
  5. Senate Committee Favorably Reported

    3/27/2025Senate
  6. Senate Passed/Adopted

    3/27/2025Senate
  7. Senate Read and Referred

    3/25/2025Senate
  8. House Committee Favorably Reported By Substitute

    3/21/2025House
  9. House Third Readers

    3/21/2025House
  10. House Passed/Adopted By Substitute

    3/21/2025House
  11. House Committee Favorably Reported

    3/18/2025House
  12. House Withdrawn, Recommitted

    3/18/2025House
  13. House Second Readers

    3/13/2025House
  14. House First Readers

    3/11/2025House
  15. House Hopper

    3/10/2025House

Bill Text

  • HB 744/AP* (v7)

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