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Georgia State

Introduction and Overview. Sally Wallace. Georgia State. Fiscal Research Center. University. Andrew Young School of Policy Studies. Purpose. Learn in some detail how the property tax works in Georgia

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Georgia State

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  1. Introduction and Overview Sally Wallace Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  2. Purpose • Learn in some detail how the property tax works in Georgia • Review the growth in property tax and policy alternatives that address that growth: assessment limitations, caps, exemptions, etc. • Share experiences from other states with practitioners Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  3. Overview • What constitutes our property tax base? • How has the property tax grown over time? • Growth relative to population, income, U.S. • Base component of growth in property tax revenue • Burden of property tax in Georgia Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  4. Which level of government? Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  5. Where does it come from? Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  6. Have revenues grown? Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  7. How much/how fast? Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  8. Adjusting for inflation Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  9. Relative to personal income Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  10. Relative to the U.S. Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  11. What has happened to the base? Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  12. Base per capita Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  13. Base relative to income Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  14. Volatility of base growth Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  15. Relative position in state-local finances Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  16. Georgia relative to US Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

  17. Summing up • Property tax is an important revenue source, particularly for school districts and counties • Tax revenues have grown: • Relative to population and income • Relative to other taxes, not much change • Continued interest in the tax, its growth, and its future Georgia State Fiscal Research Center University Andrew Young School of Policy Studies

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