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Resolution would let Georgia counties use purchase price as property value; advocates cite predictability, local governments raise concerns
Summary
House Resolution 250 would allow counties to use purchase price as the assessed value of property, making the sale price the property's assessed value until it is sold again.
Representative Washburn introduced House Resolution 250 (LC280648), a proposed constitutional amendment that would permit the governing authority of any county or consolidated government to adopt an alternative valuation method for real property based on purchase price.
Washburn said the option is permissive — local governments would not be forced to adopt it — and described the approach as "the purest method" of valuing property because market transactions set real value. Under the draft resolution, current assessor values would become the…
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