14-03-2025
Bulloch County BOE district says yes to new homestead exemption
STATESBORO, Ga. (WSAV) – Bulloch County taxpayers who own a primary residence there should see stabilization in their annual tax bills after the Bulloch County Board of Education decided to allow a new statewide property tax exemption to take effect. The school district's preliminary estimates indicate that it will save local homeowners more than $1 million annually in property taxes.
Under Georgia House Bill 581, known as the 'Property Tax Relief and Reform for Georgians,' a statewide homestead exemption limits property tax increases to a state-established inflation factor. Local governments, including school districts, had the option to opt out of the exemption by March 1, 2025. However, the Bulloch County Board of Education chose to take no action, which means that the exemption will automatically go into effect and benefit homeowners who pay taxes on their primary residence.
Bulloch County is among approximately 34 school districts across Georgia that have chosen not to opt out of the exemption.
'Our district will continue to monitor its financial outlook as the exemption takes effect,' said Charles Wilson, superintendent of schools. 'We currently have the financial capacity to allow this exemption to take effect and serve its intended purpose, while evaluating its longer-term effect for future budget considerations. We remain committed to being a good steward of the community's resources while providing a quality education for our students.'
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