Property taxes are the primary source of revenue for Georgia’s local governments, including school districts, raising about two-thirds (66%) of $25.8 billion in total tax revenue in 2023. State lawmakers are considering whether to radically change the way Georgia’s local governments and schools raise revenue by eliminating or significantly reducing property taxes on owner-occupied residential homes, which are known as homesteaded properties.
Passing the Buck: Property Taxes Fund Georgia’s Schools and Local Services
Georgia
Property taxes are the primary source of revenue for Georgia’s local governments, including school districts, raising about two-thirds (66%) of $25.8 billion in total tax revenue in 2023. State lawmakers are considering whether to radically change the way Georgia’s local governments and schools raise revenue by eliminating or significantly reducing property taxes on owner-occupied residential homes, which are known as homesteaded properties.
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