County tax commissioners; waive certain delinquent ad valorem taxes; authorize - CA
Impact
The implementation of HR118 could significantly impact state laws regarding property taxation and delinquency by establishing a mechanism for counties to alleviate the tax burden on properties that have failed to sell at auction. This could enhance the local government's flexibility in dealing with properties that are not generating tax revenue, aiming to improve urban and rural development by addressing issues of blight and underutilization. The bill is intended to encourage counties to utilize these properties effectively, which could have indirect benefits on the local economy.
Summary
House Resolution 118 proposes an amendment to the Constitution of the State of Georgia that would allow county tax commissioners to waive certain delinquent ad valorem property taxes, penalties, and interest. This waiver can occur upon the approval of local governing authorities and aims to facilitate the return of non-revenue generating and tax-delinquent properties to effective utilization. The bill outlines specific conditions and procedures under which these waivers can be enacted, providing a pathway for counties to manage unproductive or abandoned properties more effectively.
Conclusion
Overall, HR118 seeks to modernize how counties handle delinquent property taxes, aligning local governance with practical strategies that could breathe new life into underperforming real estate. It represents a forward-thinking approach to property management, although its success will depend on effective implementation and balancing the interests of local governments, property owners, and communities.
Contention
Despite its potential benefits, HR118 may encounter contention among various stakeholders. Proponents argue that the ability to waive taxes can lead to the revitalization of distressed properties and neighborhoods, facilitating economic recovery and community development. However, opponents may raise concerns regarding the loss of tax revenue at the city and county levels, which could affect funding for essential services. Additionally, the requirement for local governing authority approval could result in inconsistent applications of the waiver and disparities across different counties.
Provides for procedures for the collection of delinquent ad valorem taxes and statutory impositions, tax auctions, tax auction certificates, and the redemption of certain property (RE SEE FISC NOTE LF RV See Note)
Relating to the authority of the governing body of a taxing unit to waive penalties and interest on the delinquent ad valorem taxes of certain federal employees if the delinquency is the result of a federal government shutdown.
An Act Concerning State Taxation And Collection, Tax Gap Compliance, Tax Preparers And Facilitators, Changes To The Tax And Related Statutes, A Mental Health Community Investment Account And Municipal Bonds.