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Georgia Senate approves property tax bill aiming to rein in rising rates
Fox News
The Georgia Senate passed a bill which would limit increases in a home’s value, as assessed for property tax purposes, to 3% per year.
Voters would have to approve the plan in a November referendum.
"It is to prevent people from being taxed out of their homes," said Senate Finance Committee Chairman Chuck Hufstetler, the Rome Republican sponsoring the measure. "Their income is often not going up with the taxes, which are going up by the hundreds or thousands of dollars."
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