Commissioners raise long-term equity concerns about HB 581 property cap
Board members warned the assessment cap in House Bill 581 could create long-lasting inequities between longtime homeowners and newcomers and said they lack the data to forecast how the policy would change tax burdens over decades.
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Several Stephens County commissioners told colleagues they are worried the constitutional amendment voter-approved as House Bill 581 could create multi-decade inequities by capping assessed-value increases for primary residences.
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