New EHOST proposal reaches one billion

DeKalb County CEO Michael Thurmond proposed a tax cut to the DeKalb County Board of Commissioners on Aug. 15 that—if approved and then passed by voters in November—is projected to save DeKalb homeowners a total of $1 billion over a six-year period.

According to a news release, the relief would come from a proposed Equalized Homestead Option Sales Tax (EHOST) credit for homeowners who qualify for a homestead exemption. If passed, this relief would begin in 2024.

“The proposed EHOST tax relief is part of a comprehensive strategy to improve housing affordability, counter gentrification and increase the marketability of homes,” said Thurmond.

Approved by voters in 2017, the total savings from the current EHOST will be approximately $738 million by the end of 2023. DeKalb County officials said $147 million in property tax relief was allocated in 2023 to those who qualify for the homestead exemption.

The amount of property tax relief received by a qualified homeowner is based on the assessed value of the homestead property and sales tax revenue generated by EHOST, according to the news release.

The EHOST credit is not applied against taxes levied by DeKalb municipalities, school districts, or tax allocation districts.

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