Lt. Gov. Casey Cagle and state Senate leadership joined other state leaders in announcing the signing of House Bill 143 on Tuesday to fund the Homeowners Tax Relief Grant. The measure guarantees $428 million in funding which provides tax relief to more than 3 million Georgia homeowners.
“This agreement is the result of the governor, House and Senate working together to ensure Georgia homeowners the tax relief they deserve,” said Sen. Jack Hill (R-Reidsville). “We have made protecting Georgia homeowners our top legislative priority this session. In these tough economic times the last thing we need is hardworking Georgians taxed off their own property.”
HB 143 requires the legislature to fund the $428 million grant for fiscal year 2009. The average homeowner in Georgia saved between $200 and $300 on their property tax bill through the Homeowners Tax Relief Grant.