FOR IMMEDIATE RELEASE
January 2, 2025
TIFT COUNTY SCHOOLS HB581 OPT OUT
Tift County Schools would like to announce that it plans to opt out of the homestead exemption offered by House Bill 581.
HB 581, passed by the Georgia General Assembly in 2024, introduces a floating statewide homestead exemption that limits increases in taxable home values to the prior year’s inflation rate.
The law allows local governing authorities to opt out of the homestead exemption following three public hearings. Tift County Schools has scheduled those public hearings for noon January 10, 2025, noon January 24, 2025 and 6 PM February 13, 2025 at the Tift County Board of Education office, 506 W 12th Street Tifton GA 31794.
The Tift County Board of Education feels opting out would be the best option to protect the financial stability of the schools and protect public education in the community.
Following the public hearings, the Tift County Board of Education will vote on the resolution to opt out of HB 581 at the February board meeting before the March 1, 2025, deadline.
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