Georgia Real Estate

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

Summary

Georgia lawmakers declined a proposal that would have allowed counties to cut property taxes and raise sales taxes to offset the lost revenue.

🍑 Georgia Impact

For housing and mortgage operators, the decision keeps the local tax structure from shifting in the way described by the proposal. Investors and builders should watch how property-tax burdens and sales-tax policy continue to affect affordability, local demand, and project costs across Georgia counties.

Source: WSB-TV

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