Some Georgia lawmakers are looking for ways to provide relief from property taxes. The proposals are coming as increases in home values have caused taxes to rise.

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.

  • KoboldCoterie@pawb.socialEnglish
    3·
    10 months ago

    They can move and start renting like other poors have to do.

    Ah, yes. Let’s consolidate wealth even more heavily among the already-rich. Good suggestion.

    But when you see someone with literally millions of dollars in equity complaining about an extra few hundred dollars per month, I see how it can be a little infuriating.

    Yeah, I’m sure they’d have no problem paying that.

    What about the people with $400k in equity, who are on fixed incomes, who were paying $2.5k in taxes, and are now paying $4k and can’t afford it? Oh, yeah. Fuck them, right?

    Again, equity is meaningless if you aren’t selling the property (or otherwise leveraging it), which most people claiming a homestead exemption are not doing. For them, it’s just less money they have each month.

    This attitude that anyone who managed to buy a home is part of the 1% and fuck those people is just toxic.