Ad valorem tax; assessment of real property purchased or acquired by certain business enterprises at 100 percent of its fair market value; provide

Summary

The bill changes Georgia’s ad valorem tax rules so that business entities that own 1,000 or more single‑family homes used as rentals must be assessed at 100 % of fair market value. The extra tax revenue must be used to reduce the homestead tax bill in the same county or city. Owners must certify their holdings and face steep penalties for non‑compliance.

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