With a runup in home values sparking higher property taxes for many Georgia homeowners, there is a groundswell among state lawmakers in this election year to provide relief.
Georgia’s Senate Finance Committee plans a hearing on Monday on a bill limiting increases in a home’s value, as assessed for property tax purposes, to 3% per year. The limit would last as long as the owner maintained a homestead exemption. Voters would have to approve the plan in a November referendum.
Meanwhile, Republican House Speaker Jon Burns of Newington proposes doubling the state’s homestead tax exemption, a measure likely to cut tax bills by nearly $100 million statewide.
I live in a trailer in the middle of nowhere and operate a welding press, fuck off.
Have you not been paying attention to the housing market? Due to real estate speculation they’re not going to find cheaper housing, at least not within a reasonable commute distance to the jobs these people have. So if they’re forced to suffer like the rest of us then they’re uprooting their lives, destroying communities, forcing them down the social ladder, and making them even more dependent on the car-based transportation infrastructure with all the personal and social costs that entails.
I believe in attacking the problem from the other end, by attacking investors and landlords. The problem isn’t that they have personal property, the problem is that the value of that property is going up. Fix that, and then no one gets priced out of their homes or accumulates wealth.