With a runup in home values sparking higher property taxes for many Georgia homeowners, there is a groundswell among state lawmakers in this election year to provide relief.
Georgia’s Senate Finance Committee plans a hearing on Monday on a bill limiting increases in a home’s value, as assessed for property tax purposes, to 3% per year. The limit would last as long as the owner maintained a homestead exemption. Voters would have to approve the plan in a November referendum.
Meanwhile, Republican House Speaker Jon Burns of Newington proposes doubling the state’s homestead tax exemption, a measure likely to cut tax bills by nearly $100 million statewide.
Your comment definitely sounded like you were hinting at this being helpful to retail investors, if you had read the article or at least the summary you would see that’s its only going to cap the increase in taxes for primary residences and not rentals.
It might also behoove you to learn what inference actually means. You sound like a teenager shrugging and groaning and that means they had a bad day and so so said this and the teacher said that, etc. For your readers to infer anything accurately you need to provide way more words than you actually did.
You have a nice day now and I’m sure I’ll see you around and I’m sure I’ll be correcting you on something else in the not to distant future.