Post

Alex Ip 葉清霖
@alexip718.com

INBOX: The Georgia Senate passed a measure today that would create new 1% special sales tax districts overlayed on county lines to reduce homeowner property taxes. They also banned revenue increases from property taxes of more than 3% or the federal Consumer Price Index, whichever is greater.

wabe.orgGeorgia Senate moves to cut property taxes by increasing sales taxesThe Georgia Senate passed a measure Tuesday that would reduce homeowner property taxes by creating a new sales tax in exchange.
Alex Ip 葉清霖
@alexip718.com

In other words, Georgia Republicans successfully took the worst parts of California's Prop 13 and fused it with yet another regressive sales tax that disproportionately punishes renters and poor people, months before an election where they could lose their trifecta for the first time in 22 years

Henry Fung
@henryfung.bsky.social

It’s a levy limit not an assessed value limit like Florida and California. It has less distortions than Proposition 13 while still restraining the growth of, or defunding (depending on your POV) local government.