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.
More context
Timeline
- 1. Longstanding increases in property assessments raised homeowner tax bills across many states.
- 2. November 2024: North Dakota voters rejected Measure 4 to eliminate property taxes statewide.
- 3. Following the vote, North Dakota leaders proposed credits and caps to address homeowner concerns.
- 4. This month, Georgia House Republicans introduced HR 1114 to phase out homestead taxes by 2032.
- 5. The Florida House advanced a ballot resolution to remove non-school property taxes and consider a 5% transfer fee at sale.
Sources
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