Georgia Moratorium On Property Tax Assessment Increases
Tuesday
May 12, 2009
The Georgia General Assembly has taken action in an effort to soften the blow of the current economic crisis for Georgia taxpayers. With the passage of HB 233, the General Assembly has established a moratorium on all property tax assessment increases for the 2009 & 2010 tax years. The bill reads:
In recognition of the emergency situation and fiscal conditions set forth in subsection (a) of this Code section and pursuant to the authority specified in subsection (a) of this Code section, for taxable years beginning on or after January 1, 2009, and continuing only until the Sunday immediately preceding the second Monday in January, 2011, a moratorium is declared on all increases in the assessed value of all classes of all subjects of property which are subject to ad valorem taxation property except as specifically permitted under this Code section.
The Governor signed the bill into law yesterday.
Comments
Patrick Anderson
May 25th, 2009 at 1:29 pm
A good law enacted about two years after it was originally needed. Glynn County, GA has found 160 neighborhoods deserving of increases for 2009, and only 100 deserving of decreases. All during “a crisis in the reduction of value of tangible proerty of unprecendented magnitude” according to the Georgia Legislature. We presume the 160 neighborhoods will not receive the increases, but there will be many who are increased due to a massive effort to re-measure buildings for the 2009 assessment.