State Senate Passes Temporary Assessment Cap Bill
February 26th, 2009
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The Georgia State Senate has passed an amended version of HB-233, a bill to prohibit increases in the assessed value of property for the next two years. The changes will probably have to be reconciled with the House version, but the vote puts the bill one step closer to passage.
Almost every Senator from my home county of Gwinnett, both Republican and Democrat, voted FOR this bill. That is extremely unfortunate, as this article at TalkGwinnett.com explains.
Gwinnett property owners already face an estimated 2-mill increase this year. If it passes, HB-233 will add another .02 mills– approximately $22– on a tax bill that is already increasing by $144 for the owner of a $200,000 home.
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