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Key Votes

SR 686 - Property Tax Assessment Freeze - Key Vote

Georgia Key Votes

Bill Cowsert voted Yea (Passage) on this Legislation-Resolution.

Read statements Bill Cowsert made in this general time period.

Stages

Family

Issues

Stage Details

Legislation-Resolution - Resolution Sent To Committee (House) -
Legislation-Resolution - Resolution Passed (Senate) (53-3) - (Key vote)

Title: Property Tax Assessment Freeze

Vote Smart's Synopsis:

Vote to pass a resolution that amends the state constitution to freeze the value of residential real property at the 2008 valuation amount until it is sold or the property has undergone construction, additions, or improvements.

Highlights:
- Requires the reappraisal of residential property at fair market value if it has undergone construction, additions, or improvements that require a building permit [sec. 1 (b.1)]. - Requires residential property be annually reappraised at fair market value if it has been sold or transferred to someone other than the owner's spouse, as long as an increase in the assessed value does not exceed the rate of inflation [sec. 1 (b.1)]. - Requires the state revenue commissioner to set the annual inflation percentages based on the current economic situation, and allows the commissioner to use the Consumer Price Index to determine the inflation rate [sec. 1 (b.1)].
Note:

NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES TWO-THIRDS APPROVAL IN EACH CHAMBER FOR PASSAGE. IT MUST THEN BE APPROVED BY A MAJORITY OF CITIZENS VOTING IN THE NEXT ELECTION TO BE ENACTED.

Legislation-Resolution - Introduced (Senate) -

Title: Property Tax Assessment Freeze

Sponsors

  • David Adelman (GA - D) (Out Of Office)
  • Eric B. Johnson (GA - R) (Out Of Office)
  • Chip Rogers (GA - R) (Out Of Office)
  • Mitchell W. 'Mitch' Seabaugh (GA - R) (Out Of Office)
  • Regina D. Thomas (GA - D) (Out Of Office)
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