Mayor Leonard hosts Peachtree City Town Hall on House Bill 581 property tax impacts
December 17, 2024 | Peachtree City, Fayette County, Georgia
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Mayor Leonard explained that the bill, which passed in Fayette County with 50.7% approval, includes an opt-out clause for counties and cities. If Peachtree City chooses to opt out, it must hold three public hearings and notify the Secretary of State by March 1, 2025. Currently, discussions are ongoing with neighboring cities and Fayette County officials to evaluate the implications of the legislation.
The mayor highlighted that opting in is automatic unless action is taken to opt out. Notably, the Fayette County Board of Education is considering opting out, which could influence local decisions.
House Bill 581 aims to cap property assessment increases for homeowners at the rate of inflation, specifically tied to the Consumer Price Index. This change is expected to provide immediate financial relief to residents by reducing property taxes for those living in their primary residences.
As the city continues to engage with residents and local leaders, the outcome of these discussions will shape the future of property taxation in Peachtree City. The mayor encouraged community participation, stating, "I truly want to hear from my citizens," before any final decisions are made.
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