Georgia lawmakers gave final approval Thursday to a package of legislation they hope will limit property tax increases, in what could be Republicans’ signature tax-cutting effort of the 2024 session.
The measures include a state constitutional amendment that will need voter approval in a November referendum before it can take effect.
The plan would limit increases in a home’s value, as assessed for property tax purposes, to the rate of inflation each year, unless a city or county government or local school board uses a one-time escape hatch to opt out in early 2025.
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