Fulton County school officials are considering opting out of Georgia’s new property tax cap, which voters approved in November. Residents will have three public hearings to discuss the issue. The hearings are required by law.
What’s Happening: House Bill 581, also known as the “Save Our Homes Act,” passed by the Georgia General Assembly and approved by voters in November, establishes a statewide property tax cap tied to inflation. This cap limits annual increases in taxable property values so that they cannot be more than the inflation rate, aiming to provide long-term tax relief for homeowners and protect them from sharp spikes in property taxes.
Under the law, local governments and school districts can opt out of the cap, but they must hold public hearings and pass a resolution before doing so…