State Issues
Georgia Property Owners Receive Tax Break
July 13, 2023
A state grant will provide some relief for Georgia homeowners due to the Homeowner’s Tax Relief Grant, or HTRG, credit worth $18,000 toward assessed values of homes, which will lower amounts owed for portions of their tax bill.
The credit was approved by the Georgia General Assembly in their session earlier this year and signed by Gov. Brian Kemp in March.
As explained by the Department of Revenue, “the one-time Property Tax Relief Grant is a budget proposal by Governor Brian Kemp to refund $950 million in property taxes back to homestead owners in the Amended Fiscal Year 2023 budget.” You can learn more about the tax credit and how it will impact you and your clients tax bill at the Georgia Department of Revenue’s website.
About the GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.