Georgiaâ€™s property owners triumphed in the General Assembly today with the Georgia House and Senate overwhelmingly passing Senate Bill 346.Â Championed and authored by Senate Majority Chip Rogers (R-Woodstock), the Property Tax Assessment and Appeals reform bill is aimed at ensuring all Georgia properties are properly assessed at Fair Market Value and that property owners have guaranteed rights to appeal. This is the most sweeping overhaul of the Georgia property tax system in decades.
â€œThe overwhelming bi-partisan support in favor of property ownersâ€™ rights to fair and transparent assessments clearly demonstrates the need for property tax reform.Â While this is a huge victory for Georgia property owners, itâ€™s only part of the solution to providing a system that actually works.Â With the passage of SB 346, we will protect taxpayers from unfair assessments and guarantee the right to appeal,â€ said Rogers.
The overall reform includes more than 50 changes to current state law. Significant taxpayer friendly provisions include:
The House passed the bill today with a vote of 157-1.Â The Senate passed the bill on March 11 with a vote of 54-0.Â The Property Tax Assessment and Appeals reform bill was a result of a 2009 study committee on property taxes.Â A report of the study committee hearings can be found at http://www.legis.ga.gov/legis/2009_10/senate/committeereports.htm