Voters would decide on Toccoa homeowners' city tax exemption

Toccoa would exempt part of eligible homes' value from city property taxes. It would cover a resident's homestead property in the Stephens County special district and apply only to Toccoa city taxes on property within that district. The exemption amount would be determined each year based on net proceeds from the local sales tax collected in the special district. It would be added to other homestead exemptions for the property. Any value above the exemption amount would remain taxable. The Act requires a two-thirds vote in both the House and Senate and approval by voters in the special district. The ballot describes a new 1 percent local sales tax. If voters approve the Act, the exemption would apply starting January 1, 2027, and end December 31, 2039.