Lawmakers Propose Phased Elimination Of Homeowner Property Taxes
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Atlanta — State lawmakers and officials across the United States nationwide this week proposed measures to eliminate or sharply reduce homeowner property taxes, citing rising bills and affordability concerns. Georgia House Republicans introduced HR 1114 to phase out homestead taxes by 2032, estimating about $5 billion in lost local revenue annually; Florida lawmakers advanced a constitutional amendment to remove non-school property taxes and consider a 5% real-estate transfer fee; North Dakota policymakers debated credits after voters rejected a full repeal in November 2024; critics warn about funding gaps for schools and local services. Based on 6 articles reviewed and supporting research.
Prepared by Lauren Mitchell and reviewed by editorial team.
Timeline of Events
- Longstanding increases in property assessments raised homeowner tax bills across many states.
- November 2024: North Dakota voters rejected Measure 4 to eliminate property taxes statewide.
- Following the vote, North Dakota leaders proposed credits and caps to address homeowner concerns.
- This month, Georgia House Republicans introduced HR 1114 to phase out homestead taxes by 2032.
- The Florida House advanced a ballot resolution to remove non-school property taxes and consider a 5% transfer fee at sale.
- Articles Published:
- 6
- Right Leaning:
- 1
- Left Leaning:
- 1
- Neutral:
- 4
- Distribution:
- Left 17%, Center 67%, Right 17%
Homeowners could benefit from lower or eliminated annual property-tax bills if proposals pass, reducing annual housing costs for those who qualify.
Local governments and K-12 school districts could suffer significant revenue losses requiring cuts, service changes, or new fees to replace lost property-tax income.
Coverage of Story:
From Center
Lawmakers Propose Phased Elimination Of Homeowner Property Taxes
https://www.wrdw.com https://www.wctv.tv INFORUM WJLAFrom Right
Florida Lawmakers Advance Property Tax Proposal That Could Shift Costs to Home Sales Florida Property Tax Proposal Explained for Homeowners
Space Coast Daily
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