Cagle: Senate Acted Swiftly to Lower Property Taxes

February 6, 2009

Lt Governor Casey Cagle released the following statement regarding the passage of S.B. 83, which would double the homestead exemption for homeowners statewide and H.B. 143, which will preserve the Homeowners Tax Relief Grant this year. 

"Today we sent a strong message to over three million homeowners throughout Georgia: the Senate will remain steadfast in our commitment to keep property taxes low during this tough economic time.

“The fact is, in the time that we have seen thirteen U.S. Presidents sworn into office, the homestead exemption has not increased.  Increasing the exemption is not only long overdue, but it is the right thing to do for homeowners who are wading through this economic downturn. Realizing that homeowners can no longer afford a 72 year drought in property tax relief, we built in an annual cost of living adjustment ensuring the relief will continue for years to come.

“We have also delivered on our promised to provide $428 million in tax relief to homeowners through the HTRG grant.  Additionally, we have committed to continuing this tax relief when our balance sheet is one again prosperous.”

S.B. 83 now moves to the House of Representatives for consideration.