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GeorgiaHB 7462025-2026 Regular SessionHouseWALLET

Monroe, 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

4 provisions identified: 0 benefits, 0 costs, 4 mixed.

City tax break for Monroe homeowners

Beginning January 1, 2026, the City of Monroe exempts the increase in your home’s assessed value above your adjusted base-year value. You still pay city taxes for municipal purposes on the base-year amount, adjusted for inflation and major improvements. The break applies only to Monroe city taxes, not state, county, or school taxes, and not to bond debt levies. You cannot combine this with another base-year value exemption; the city uses the one that saves you more. The exemption does not carry over to a new owner.

Local vote sets 2026 start date

The law requires a local vote on the Tuesday after the first Monday in November 2025. If most Monroe voters approve, the exemption takes effect January 1, 2026. If voters do not approve or no election is held, it does not take effect and the Act is repealed 365 days after the election date. The City of Monroe pays the cost of the election.

Inflation rule for base-year home value

The state revenue commissioner sets a standard way to adjust base-year home values for inflation each year. The method can use the Consumer Price Index or a similar federal index. This changes how your adjusted base value grows and can raise or lower your Monroe city tax bill over time. The rule applies starting with 2026 taxes.

How to apply and keep the exemption

To get the exemption, you or your agent file an application with the City of Monroe. After your first approval, it renews each year while you live in the home. If you had a 2025 homestead exemption on the same home and still qualify in 2026, the city grants 2026 automatically. A surviving spouse keeps the exemption while living in the home. You must tell the city if you stop qualifying.

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: 211 • No: 0

Senate vote • 3/28/2025

LOCAL CONSENT CALENDAR

Yes: 53 • 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 99

    5/9/2025

  3. Effective Date

    5/9/2025

  4. House Sent to Governor

    4/7/2025House

  5. Senate Committee Favorably Reported

    3/28/2025Senate

  6. Senate Passed/Adopted

    3/28/2025Senate

  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 746/AP* (v7)

    PDF

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