Georgia HOME Act would end homeowner property taxes by 2032 — here’s what Georgia lawmakers are pitching
Georgia House Speaker Jon Burns proposed ending property taxes on primary residences by 2032, pending a constitutional amendment. The plan would expand the homestead exemption and shift local funding to sales taxes and service fees. Senate Republicans back a rival bill capping annual increases in taxable home values. Local governments warn of a $5 billion yearly revenue shortfall if Burns’ plan passes.