Measure on the ballot in the 2018 Georgia 2018 General Election in Georgia.
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Get StartedA “yes” vote creates a homestead exemption for residents of the specified cities which would prevent the taxable value of their homes from increasing faster than a certain fixed rate each year.
A “no” vote continues to allow homes in all cities to be taxed according to their market value, even if this meant that property taxes could increase much faster than inflation.
According to Arielle Kass of The Atlanta Journal-Constitution, this proposal would keep property taxes artificially low instead of taxing them at their fair market value. It would reduce municipal revenue and discourage individuals from selling homes, which could cause a housing crisis., in opposition to Referendum A (Learn more)
According to the Atlanta Journal, this proposal would create more consistency in property tax bills, making it less likely that people would be forced out of their homes by dramatic tax increases., in support of Referendum A (Learn more)
Independent school districts would retain the ability to levy their own property taxes, so their funding would not be affected., in support of Referendum A (Learn more)
This proposal would allow residents of certain municipal corporations to cap the taxable value of their primary residences for property tax purposes. The exemption would apply to properties in cities like Atlanta, which are located in more than one county, fund public transportation through sales taxes, and have independent school systems. It would prevent the taxable value of an eligible homeowner’s primary residence from increasing by more than a fixed rate per year.
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