EVANS, Ga. (WRDW/WAGT) - Public hearings continue this week across multiple counties over the homestead exemption law that could impact your property taxes. More than 60% of voters in November said yes to the homestead exemption question on the ballot , which could put a cap on tax hikes on your home. The law establishes a floating homestead exemption, which limits the annual increase in property tax assessments on homestead properties to the rate of inflation for the previous year. The law also allows local governing bodies a one-time opportunity to opt out of the exemption. Both the county government and the board of education have to each hold three meetings to decide whether they will opt in or out of the cap on property tax increases enacted under the new Georgia law.
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