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A Charter School System of the State of Georgia
House Bill 581 Resource Page
What is HB 581?
What is It?
Tenets of the Law
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A floating homestead exemption that limits the annual increase in property value to the federal inflation rate from the prior year for homestead properties.
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Requires reassessment every three years.
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Selling the home or making improvements resets the cap on the property.
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Cities, Counties and Schools have one opportunity to opt out of the legislation.
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If they do not opt out, the cap will begin in 2025 based on the values in 2024.
What's Next?
Public Hearing Dates: come and hear from the Board/Superintendent, share your concerns, and learn about the district.
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Public Hearing at 6:00 p.m. on Tuesday, January 28, 2025.
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Public Hearing at 6:00 p.m. on Tuesday, February 4, 2025.
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Public Hearing at 6:00 p.m. on Thursday, February 13, 2025.
Important Links
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