Some Georgia lawmakers want to limit rising property taxes. This comes as property value around metro Atlanta continues to rise, and homeowners look for relief.
Last week, the state’s finance committee held a hearing on Senate Bill 349, a bill that would cap the property tax at 3% of a home’s increased value per year.
According to the real estate company Redfin, in December, Atlanta home prices rose 6.5% compared to last year, selling for a median price of $410,000.
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