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.
Related Articles
Three-Fourths of Kentucky School Districts Are Receiving Less in State SEEK Payments This Year
The Third Rail: States Are Beginning to Rethink Who Pays for School
Tennessee vouchers survive challenge over public school funding