A deal between the Georgia House and Senate on limiting how much assessed home values can rise for tax purposes may be solidifying, But questions remain about the election-year push for property tax relief.
ATLANTA — A deal between the Georgia House and Senate on limiting how much assessed home values can rise for tax purposes may be solidifying, although questions remain about the election-year push for property tax relief.
Still in question is whether senators will approve a proposal backed by House Speaker Jon Burns to increase the statewide homestead tax exemption. Burns, a Newington Republican, had proposed increasing the amount. That could save some homeowners $100 a year on the tax bills by decreasing a home’s taxable value. But it might apply in as few as one-third of Georgia’s 159 counties, testimony has shown.
Senators have prioritized the valuation cap, but it’s not clear whether Burns will give up on his plan.
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