States, Cities Move to Reduce Home Property Taxes
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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.
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Timeline
- 1. October — Tax Foundation publishes state tax competitiveness index.
- 2. End of January — Georgia lawmakers file HB 1116 to change property tax code.
- 3. Early February — Georgia HOME Act introduced to phase out residential property taxes by 2032.
- 4. Early February — Florida House advances three bills proposing homestead increases and assessment limits.
- 5. This winter — Ohio petition drive collects signatures for a November 2026 ballot measure; Iowa City proposes budget adjustments responding to reform pressures.
Sources
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