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Friday, February 13, 2009

State House Approves Freeze of Property Tax Values

Georgia House lawmakers Thursday approved a measure to freeze property tax values for two years. The vote on this measure followed a failure to pass a separate constitutional amendment which aimed to slow the growth of assessments.

Supporters say the plan passed would help lower taxes while preventing local governments from raising revenues through a "back door." Critics say it would deprive local governments of the revenue for crucial services such as police protection and education. It now goes to the Senate.

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