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Marietta council to advertise hearings to opt out of state's HB581 homestead rule
Summary
City staff told council that sticking with Marietta's existing homestead cap would save many homeowners more than the state's new CPI-limited approach; council authorized advertising three public hearings (Jan. 8, Jan. 28 and Feb. 12) required to opt out and signaled preference to keep the city's current exemption.
Marietta officials voted Sept. 19 to advertise the public hearing schedule required to opt out of Georgia's recently enacted HB581, a change to how homestead-exemption values are capped. Staff told the Finance and Investments Committee that while the state's new law freezes assessed value then allows annual increases tied to CPI (capped at 3%), Marietta's longstanding local cap (which in practice freezes the taxable base at purchase value) generally produces lower city tax bills for many homeowners.
City staff presented two…
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