1. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Introduction and Overview Sally Wallace

2. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Purpose Learn in some detail how the property tax works in Georgia Review the growth in property tax and policy alternatives that address that growth: assessment limitations, caps, exemptions, etc. Share experiences from other states with practitioners

3. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Overview What constitutes our property tax base? How has the property tax grown over time? Growth relative to population, income, U.S. Base component of growth in property tax revenue Burden of property tax in Georgia

4. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Which level of government?

5. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Where does it come from?

6. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Have revenues grown?

7. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center How much/how fast?

8. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Adjusting for inflation

9. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Relative to personal income

10. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Relative to the U.S.

11. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center What has happened to the base?

12. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Base per capita

13. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Base relative to income

14. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Volatility of base growth

15. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Relative position in state-local finances 1991-922005-06 Own Source Revenue (000s)18,197,81644,402,258 All taxes12,446,16831,025,457 Property tax3,734,1118,946,070 Property Tax/OSR20.52%20.15% Property Tax/All taxes30.00%28.83%

16. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Georgia relative to US

17. Georgia State University Andrew Young School of Policy Studies Fiscal Research Center Summing up Property tax is an important revenue source, particularly for school districts and counties Tax revenues have grown: –Relative to population and income –Relative to other taxes, not much change Continued interest in the tax, its growth, and its future