The City of Atlanta has chosen to “opt out” of the statewide homestead exemption program established by Georgia House Bill 581 (HB 581), prioritizing local control over property tax policies to better serve Atlanta’s unique needs.
While HB 581 aims to provide uniform tax relief across Georgia, Atlanta’s decision allows the City to preserve its existing Base Freeze (Floating) Exemption, enacted in 2019 under HB 820 and approved by voters. This exemption caps annual taxable property assessment increases at 2.6%, ensuring targeted and equitable relief for Atlanta homeowners.
Why Opt Out?
The decision, based on detailed analysis by the Department of Finance, ensures that:
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The City of Atlanta already has in place the “CITY OF ATLANTA BASE FREEZE (FLOATING) EXEMPTION.” This exemption was implemented in 2019 through the passage of HB 820 and approved by the citizens of Atlanta in a referendum.
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Opting out of the new statewide homestead exemption maintains the existing City of Atlanta base freeze (floating) exemption. This provides an additional homestead exemption for all taxpayers currently receiving a homestead exemption in the city of Atlanta. The City of Atlanta base freeze (floating) exemption limits the annual taxable increase of property assessments to 2.6% over the determined lowest base year value.
Commitment to Residents
CFO Mohamed Balla emphasized the city’s focus on tailored solutions:
“HB 581’s intent to provide statewide relief is commendable, but Atlanta’s diverse communities require more nuanced and equitable policies. By opting out, we maintain a framework that directly benefits our residents while supporting the city’s growth and prosperity.”
Public Hearings
Residents are encouraged to participate in public hearings on this matter:
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Friday, February 7, 2025, at 10:00 a.m.
- Wednesday, February 12, 2025, at 12:00 p.m. and 6:00 p.m.
Location: Atlanta City Hall, Marvin S. Arrington, Sr. Council Chamber, 55 Trinity Ave. SW, Atlanta, GA 30303
For more information, visit www.atlantaga.gov.