Georgia 2023-2024 Regular Session

Georgia House Bill HB711

Introduced
3/9/23  
Report Pass
3/16/23  
Introduced
3/9/23  
Report Pass
3/23/23  
Report Pass
3/16/23  
Report Pass
3/23/23  
Engrossed
3/23/23  
Report Pass
3/27/23  
Refer
3/23/23  
Enrolled
4/5/23  
Report Pass
3/27/23  
Chaptered
5/3/23  
Enrolled
4/5/23  
Chaptered
5/3/23  

Caption

Gwinnett County; ad valorem tax; increase homestead exemption to $8,000.00

Impact

If enacted, the bill will directly impact property taxes collected by the Gwinnett County school district. By increasing the homestead exemption, the district will see a reduction in its taxable revenue base, which could affect funding for educational programs and services that rely on property tax income. Conversely, it aims to enhance affordability for homeowners within the district, leading to potential political support from constituents who would benefit from lower taxes.

Summary

House Bill 711 proposes an increase in the homestead exemption for residents of Gwinnett County from $4,000 to $8,000 concerning ad valorem taxes levied by the Gwinnett County school district. This bill aims to provide immediate financial relief to homeowners by reducing their taxable property value, thus lowering their tax burden. If approved, the new exemption will take effect for the tax year beginning January 1, 2025, pending successful voter approval in a referendum set for the general primary in 2024.

Sentiment

The sentiment surrounding HB 711 appears to be largely positive among the constituents of Gwinnett County, especially homeowners who support measures that aid in alleviating financial burdens related to property taxes. Legislative discussions and voting records indicate a supportive stance among legislators, as shown by the unanimous 52-0 vote in favor of the bill. However, some concerns may arise regarding the long-term implications of reduced revenue on the quality of education funded by local taxes.

Contention

While the bill has broad support, notable points of contention include concerns about how the reduction in tax revenue could impact educational services in Gwinnett County. Opponents of similar measures in the past have argued that while immediate financial relief is beneficial, it could lead to inadequate funding for schools, higher taxes in the future to compensate for lost revenue, or an unfair burden on non-residential properties. The requirement for voter approval introduces an additional layer of potential contention, as it necessitates broad public support to be enacted.

Companion Bills

No companion bills found.

Similar Bills

TX HB3315

Relating to an adjustment of the limitations on school district, county, municipal, and junior college district ad valorem taxes on residential homesteads of elderly and disabled persons and their surviving spouses.

TX HB862

Relating to the transfer of the limitation on school district, county, municipal, or junior college district ad valorem taxes on the residence homestead of a person who is elderly or disabled to a subsequent homestead of that person.

TX HB4478

Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.

TX HB1648

Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.

TX HB481

Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.

TX HB707

Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.

TX HB1829

Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.

TX HB455

Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.