Homestead Exemption
Reduces Gwinnett County property taxes by $4,000, which affects local school funding.
How it appears on your ballot
"Shall the Act be approved which increases the homestead exemption from Gwinnett County school district ad valorem taxes for educational purposes in the amount of $8,000 of the assessed value of the homestead for residents of that school district, which represents a $4,000 increase in such exemption?"
The Branch Breakdown
What it means
A homestead exemption reduces the property taxes homeowners owe on their residences. Currently, Gwinnett County provides $4,000 off taxes to all homeowners that would otherwise go toward local schools. This referendum proposes doubling the amount to $8,000 for all homeowners.
The last homeowner property tax relief referendum in Gwinnett County was in 1988, 36 years ago.
A "yes" vote means
- Homeowner property taxes decrease by $4,000 for all homeowners in the county.
- Gwinnett County schools will receive less funding.
A "no" vote means
- Homeowner property taxes stay the same as in previous years.
- Funding for Gwinnett County schools will remain the same.