United States — State lawmakers and citizen campaigns across multiple states proposed or advanced measures this winter to reduce or eliminate property taxes. Legislatures in Georgia and Florida moved bills to expand homestead exemptions and phase out assessments, local councils adjusted budgets in response, and an Ohio petition drive seeks a ballot amendment to abolish property taxes. Fiscal analysts and governors warned of potential local revenue shortfalls and service cuts, citing Tax Foundation and state data. Cities and counties plan budget adjustments and reserve use to cover deficits as legislators consider timelines and exemptions. Based on 6 articles reviewed and supporting research.
Prepared by Lauren Mitchell and reviewed by editorial team.
Homeowners who qualify for larger homestead exemptions and proponents of lower property taxes will see reduced annual property tax bills if proposals are implemented.
Local governments, school districts, and taxpayers funding public services risk revenue shortfalls and potential cuts to services without replacement revenue sources.
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States, Cities Move to Reduce Home Property Taxes
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