§ 1502. Value of improvements exempt from ad valorem tax.

The value of improvements made to buildings, structures or portions thereof in DeKalb County by the owner is hereby exempted from ad valorem property taxes levied by DeKalb County and the DeKalb County school system. Said exemption shall not exceed forty (40) percent of the fair market value of the building, structure or portion thereof, as it existed prior to the improvement, exclusive of the value of the land on which it is situated, and the duration of said exemption shall be two (2) years from the date the improvement is made. The term "improvements" shall not include furniture, fixtures, equipment or machinery. Said exemption shall be in addition to all other exemptions provided by law. Said exemption shall begin in the tax year in which any such improvement meets the county inspection requirements. The provisions of this subparagraph shall be implemented and terminated at the discretion of the governing authority of DeKalb County; however, when terminated, any such exemption which has been established shall continue until the two-year exemption period has expired.

(Acts 1978, p. 2378, § 1)

Cross reference

Above exemption authorized, App. B, § 1502.

Editor's note

The above is a local constitutional amendment to Ga. Const. 1976, art. VII, § I, par. IV. Pursuant to Ga. Const. 1983, art. XI, § I, par. IV, and subject to certain exceptions, constitutional amendments were repealed as of July 1, 1987 unless continued by one (1) of the methods provided in such paragraph on or before such date. The above amendment was continued by Acts 1987, p. 3792. The introductory language for the amendment which states what portion of the constitution is amended has been deleted.