Georgia’s Property Tax Crisis: How Corporate Home Ownership Pricing Homeowners Out!

Dive into Georgia’s prop­er­ty tax cri­sis in this pod­cast seg­ment, explor­ing how sky­rock­et­ing tax­es and HB581’s fail­ure to curb them are forc­ing home­own­ers out. Despite 63% vot­er approval, local munic­i­pal­i­ties can opt out but don’t due to lob­by­ist influ­ence, leav­ing tax­pay­ers pow­er­less. We also uncov­er the grow­ing impact of cor­po­rate home own­er­ship on ris­ing costs. 

• In Geor­gia our prop­er­ty tax is sky­rock­et­ing. You are not allowed to push back on your local munic­i­pal­i­ties. And they are get­ting cuts from the states and the coun­ties ulti­mate­ly say­ing they need more mon­ey year over year. In GA we passed a bill HB581, it was to help to slow the rate of prop­er­ty tax. It has bal­looned to a point where peo­ple can’t afford their homes. The state house put a pro­vi­sion into the bill where the city could opt out of HB581 because of the lob­by­ists. The bill passed a statewide bal­lot vote by 63%. The law­mak­ers say that the peo­ple didn’t under­stand the amend­ment. 
• Take a look at the num­ber of homes that are owned by these mas­sive com­pa­nies.