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Marietta holds public hearing on state HB 581; staff recommends city opt out to preserve local homestead freeze
Summary
City staff presented HB 581, a new state law that limits annual assessment growth to inflation; staff recommended Marietta opt out and retain its 2002 homestead freeze. Council took no vote; a decision is scheduled for Feb. 25.
Marietta city officials opened a public hearing on state House Bill 581 and heard public comment on whether the city should opt out of the law and keep its current homestead exemption.
City staff member Brown, who presented the bill summary, told the council that HB 581 was signed on 04/18/2024 and "applies to taxable years beginning in 2025." Brown said the law caps annual assessment increases for qualifying homeowners at the rate of inflation and that it "incorporates 3 new tax laws, and provisions" including a revision of property tax procedures and local-option sales tax limits. She recommended that Marietta opt out and continue the city’s existing homestead freeze that began in 2002.
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