In November, Georgia voters approved a constitutional amendment tied to HB581, designed to address rising property taxes and appraisal concerns. Garnering 65% support, the amendment introduces a "Float" Homestead Exemption, capping annual property assessment increases to the Consumer Price Index (CPI) to curb what many see as hidden tax hikes through inflated appraisals. However, an opt-out provision for cities, counties, and school boards has sparked widespread debate at town halls statewide.

The bill aims to enhance fiscal transparency and accountability, forcing local governments to justify revenue increases rather than relying on appraisal growth. The addition of FLOST (Float Local Option Sales Tax) offers an alternative tax offset mechanism but requires full municipal participation to deliver its benefits effectively.

Looking ahe ...