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Lt. Governor Burt Jones Property Tax Reform Priority Unanimously Passes Committee

Burt Jones

 

ATLANTA | In case you missed it, Lt. Governor Burt Jones property tax reform priority, Senate Bill 349, unanimously passed the Senate Finance Committee this morning. The Lieutenant Governor expressed his optimism for passage of the legislation in a statement.

“Senate Bill 349 addresses longstanding problems with local property taxes, including large surprise increases in home values and a confusing appeals process,” said Lieutenant Governor Burt Jones. “I am encouraged by the committee’s vote to advance this bill, and I look forward its final passage in the Senate.”

The  AJC underscored the recent success of the legislation this morning:

“A key Georgia Senate committee backed a measure Friday aimed at slowing the rate of property tax hikes especially prevalent in metro Atlanta by limiting how much home assessments can go up to 3% a year.

“Senate Bill 349 by Senate Finance Chairman Chuck Hufstetler, R-Rome, was passed without debate after initially facing some opposition from local government and school groups, which have a stake because limiting assessments may mean they have to raise tax rates to bring in more money to pay for government services.

“A homeowner’s property tax bill is mostly made up of two elements: the tax rate and the assessed value of their property. School districts, cities and counties have been able to count on a boost in revenue without raising tax rates because the assessed value of homes and businesses in some areas have risen sharply.

“‘We’ve probably heard more about property taxes than we’ve heard about any other issue in the past year,’ Hufstetler said at a recent meeting.”

For more information on Senate Bill 349 please follow this link: https://www.legis.ga.gov/legislation/66016

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