In Georgia, lawmakers propose a constitutional amendment to limit annual taxable value hikes to inflation rate, potentially shifting tax burden to new homeowners/renters.

In Georgia, lawmakers are proposing a constitutional amendment to limit annual increases in a home's taxable value to the inflation rate, aimed at easing rising property tax burdens for current homeowners. Critics contend this could shift the tax burden to new homeowners and renters. This measure is part of a broader trend in eight states voting on property tax issues on November 5, reflecting national concerns over escalating housing costs.

October 20, 2024
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