3 questions were put on all Georgia ballots, which ones passed?
SAVANNAH, Ga. (WSAV) — Georgia voters had three ballot questions to answer about taxes this election.
Two of them were proposed amendments to the Georgia Constitution and the other was a House Bill.
House Resolution No. 1022:
"Provides for a general law state-wide homestead exemption that may differentiate among political subdivisions."
This amendment will be used to slow property tax hikes that occur when home values rise. Property taxes are based on the assessed value of a home and the property tax rate.
"Political subdivisions" will have the option to both opt-in or opt out of the tax exemption program. Political subdivisions typically indicate any division of any state or local governmental unit which is a municipal corporation or have been delegated the right to exercise part of the sovereign power of the unit.
House Resolution No. 598:
"Provides for a state-wide Georgia Tax Court."
The second proposed amendment creates a state tax court that would be equipped with judicial power and statewide jurisdiction.
This tax court will be responsible for handling cases concerning complaints involving the state Department of Revenue .
Statewide Referendum Question
House Bill No. 808
"Do you approve the Act that increases an exemption from property tax for all tangible personal property from $7,500.00 to $20,000.00?"
The third ballot question raises the amount of tangible personal property tax exemption from the current $7,500 to $20,000.
"All tangible personal property" excludes motor vehicles, trailers and mobile homes, but includes furniture, aircraft, boats, machinery and similar belongings.
This is the first expansion of this personal property tax exemption since 2002 when voters approved it being increased from $500 to the current $7,500.