Georgia Lawmakers Seek Limits on Rising Property Tax Values
Georgia lawmakers are considering measures to address rising property taxes, including a bill to limit increases in a home's value for property tax purposes to 3% per year and doubling the state's homestead tax exemption. Supporters argue that these measures would prevent large surprise increases in home values and help homeowners stay in their homes, while opponents express concerns about potential long-term inequality and the impact on local control. Similar efforts to address property tax issues are also underway in other states, reflecting a broader trend of voter discontent over higher levies.