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Georgia Senate passes bill capping property tax hikes at inflation; House considers phase-out plan with potential funding gap.
The Georgia Senate passed SB 382, a bill capping annual property tax increases at the inflation rate by eliminating opt-out provisions for schools and local governments, aiming to ease financial pressure on homeowners.
The measure, supported by Republican leaders, passed 31-19 and now heads to the House, where a competing plan seeks to phase out property taxes on primary homes by 2032.
While the Senate bill targets immediate relief, the House proposal could create a $5 billion funding gap for schools and services, requiring a constitutional amendment vote.
Lawmakers face pressure to balance tax relief with maintaining public funding as negotiations begin.
El Senado de Georgia aprueba un proyecto de ley que limita los aumentos del impuesto a la propiedad a la inflación; La Cámara considera un plan de eliminación gradual con una posible brecha de financiamiento.