Georgia Real Estate

Georgia lawmakers consider allowing counties to cut property taxes, raising sales tax to pay for it

Summary

Georgia lawmakers are considering a proposal that would let counties reduce property taxes and use a higher sales tax to make up the revenue.

🍑 Georgia Impact

For housing operators and investors, lower property taxes could change the cost of owning or holding real estate in participating counties. A higher sales tax would shift more of the funding burden onto purchases, which could affect household budgets and business costs. Supply chains would need to watch whether higher sales taxes increase costs on taxable goods or services tied to construction, maintenance, or operations.

Source: WSB-TV

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