Bill > HR250

This resolution proposes a constitutional amendment that would allow county or consolidated government authorities to adopt an alternative method for assessing property values for taxation purposes. The alternative method would use the most recent sales price of a property as its taxable value, with provisions for reappraisal only if substantial improvements (defined as renovations increasing property value by over $50,000) are made or the property is transferred to a new owner. The resolution outlines numerous potential benefits of this approach, including increased transparency, reduced administrative costs, fewer property tax appeals, and earlier availability of tax digest data. Counties could implement this method by passing an ordinance or resolution, potentially subject to voter referendum, and would be required to apply the method uniformly across all real property within the county. The proposed amendment would need to be approved by voters in a statewide referendum, with ballots presenting a clear "Yes" or "No" option to ratify the constitutional change. The underlying goal appears to be creating a simpler, more predictable property tax assessment process that reduces uncertainty and administrative complexity.

Budget and Finance

https://www.legis.ga.gov/legislation/70263