House Bill 942
By: Representatives Burnough of the 77th, Bell of the 75th, Flournoy of the 74th, and Scott of
the 76th
A BILL TO BE ENTITLED
AN ACT
To amend Code Section 48-5-41 of the Official Code of Georgia Annotated, relating to
property exempt from ad valorem taxation, so as to limit an exemption from ad valorem
taxation for public property owned by a political subdivision outside of its territorial limits
that is developed by grading or other improvements to the extent of at least 25 percent of the
total land area and has facilities actively used for a public or governmental purpose; to
provide for an effective date; to provide for related matters; to repeal conflicting laws; and
for other purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Code Section 48-5-41 of the Official Code of Georgia Annotated, relating to property exempt
from ad valorem taxation, is amended by revising subparagraph (a)(1)(B) as follows:
"(B) No public real <ins>or personal</ins> property which is owned by a political subdivision of
this state and which is situated outside the territorial limits of the political subdivision
shall be exempt from ad valorem taxation unless the property is:
(i) Developed by grading or other improvements to the extent of at least 25 percent
of the total land area and facilities are located on the property which are actively used
for a public or governmental purpose; <ins>provided, however, that on and after
January 1, 2027, such property shall only be entitled to an exemption equal to 60
percent of its fair market value;
</ins> (ii) Three hundred acres or less in area;
(iii) Located inside a county embracing all or part of a municipality owning such
property; or
(iv) That portion of any real property which has been designated as a watershed by
the United States Soil and Water Conservation Service and used as a watershed by the
political subdivision owning the property."
SECTION 2.
All laws and parts of laws in conflict with this Act are repealed.