Amend Troup County School District Homestead Exemption Ad Valorem Taxes -

Shall the 1994 Act which provides for a $10,000.00 homestead exemption from all Troup County School District ad valorem taxes for educational purposes for residents who are 65 years of age or over and who have annual incomes not exceeding $22,000.00 be amended so as to provide that a person who is 65 years of age or over is granted an exemption on that person's homestead and not more than two contiguous acres of homestead property from Troup County School District ad valorem taxes for educational purposes in the amount of $40,000.00 of the assessed value of that homestead, if that person's annual income, together with the annual income of the spouse of such person who resides within such homestead, does not exceed $40,000.00 for the immediately preceding taxable year? Annual income shall include retirement benefits, disability, pension, and Social Security benefits. The value of that property in excess of such exempted amount shall remain subject to taxation." All persons desiring to vote for approval of the Act shall vote “Yes,” and all persons desiring to vote for rejection of the Act shall vote “No.”