Bill HB 820: By Representative Beth Beskin
Brought to you by EQUITAX Georgia Property Tax Advisors https://equitaxusa.com HB 820: By Representative Beth Beskin. This bill establishes a procedure that will apply when the state revenue commissioner has not approved the digest and the county has been granted a temporary tax collection order. Because of the date parameters, the bill can only affect Fulton County. The TCO shall apply to the next two years or until the revenue commissioner approves the digest. The Board of Assessors is required to take corrective measures during the collection period. The bill puts forth a number of criteria for adjustment but they are not required to be followed and need only be considered during the correction period. Originally, we believed HB 820 put a two-year freeze on homestead properties but there is now a January 1, 2019, sunset so there will only be a one year freeze. This bill was given a “do pass” recommendation from the Ways and Means Committee on Thursday. It is now in the...