State Issues
State Considers Cap On Assessed Value Of Homesteaded Property
March 22, 2024
Early in this year’s legislative session, State Senator Chuck Hufstetler (R-Rome) filed Senate Bill 349, which would cap the assessed value on a homeowner’s primary residence at no more than a 3% per year increase.
If the bill passes, it would require a state constitutional amendment approved by the voters of Georgia before it would become law. The Senate passed the bill and the bill passed the House Ways & Means Committee meeting on March 14th, with language from two other bills added to the measure, House Bill 1115 and House Bill 1031.
At this time, it is unsure whether the bill will make it to the House floor before the end of the session.
More from News
State Issues
HB 1017 Passes Georgia Senate
March 27, 2024
A news outlet recently rated Atlanta as the #1 city for squatters, but this problem is not...
State Issues
Suspension of the Data Center Tax Credit Heads to Governor...
March 22, 2024
HB 1192 would suspend the issuance of any new sales and use tax certificates of exemption for data...
State Issues
Proposed 2025 Budget Is 11.3% Higher Than 2024 Original...
March 22, 2024
The House version of the budget includes funding for several initiatives to support housing and...
State Issues
REALTOR® Voices Heard Loud and Clear at 2024 Day at The...
February 20, 2024
Last week, members of the Atlanta REALTOR® Association, along with over 800 REALTORS® from across...
State Issues
Housing and Property Development Will Continue To Be Front...
January 25, 2024
While industry advocates will be looking to reduce the regulatory and financial burden imposed on...
State Issues
Session Begins For Georgia’s General Assembly
January 25, 2024
The 2024 session began on January 8, and this year is the second year of the Georgia General...