2024 Georgia ballot measures to impact home values, tax court, and exemptions

3 ballot questions all Georgians will see when voting in 2024……House Bill 1022 – The implementation of this policy effectively establishes a statewide exemption, thereby standardizing home values across all counties. Consequently, this diminishes the local municipality’s authority to determine home values and the mileage rate.House Resolution 598– The proposed Bill aims to integrate the Georgia Tax Court into the jurisdiction of the Superior Court, altering its current structure. If approved, the Governor would appoint the Chief Justice, who in turn would appoint the remaining court members. This transition would remove the direct electoral involvement of the public. Unlike the existing system, where individuals can represent themselves in the separate Georgia Tax Court without incurring fees when appealing taxes, the new Bill would mandate the retention of legal representation. Consequently, individuals would bear the responsibility for associated legal fees and court costs.House Resolution 808- It initially appears favorable to raise the exemption from $6,500 to $20,000; however, a more thorough analysis reveals deeper implications. This adjustment encompasses all tangible “PERSONAL” property, not solely property taxes. Consequently, it could disproportionately benefit individuals in wealthier counties through tax write-offs that may not be accessible to most community members. Notably, the potential annual...