The City of Atlanta has officially opted out of the statewide homestead exemption program established by Georgia House Bill 581, choosing instead to maintain its local property tax measures, which are considered better suited to the city's specific needs. Implemented in 2019, the city's current system, known as the CITY OF ATLANTA BASE FREEZE (FLOATING) EXEMPTION, was created through the enactment of HB 820 and supported by Atlanta voters. It caps annual increases on taxable property assessments to 2.6%, tied to the lowest base year value. Opting out of HB 581 is designed to preserve this tailored approach, providing a continued homestead exemption for current beneficiaries within the city, as outlined in a recent announcement on the City of Atlanta's official website.
This move, as highlighted by Atlanta’s CFO Mohamed Balla, reflects the city's commitment to addressing the distinct needs of its communities: "HB 581’s intent to provide statewide relief is commendable, but Atlanta’s diverse communities require more nuanced and equitable policies. By opting out, we maintain a framework that directly benefits our residents while supporting the city’s growth and prosperity," reported the official statement from the Department of Finance. Atlanta's choice spotlights its preference for individualized solutions over universal applications.
Atlanta residents who wish to express their opinions or learn more about the implications of this opt-out decision have the opportunity to do so at upcoming public hearings scheduled for Friday at 10:00 a.m., and on February 12, at both 12:00 p.m. and 6:00 p.m. These sessions will be held at the Marvin S. Arrington, Sr. Council Chamber within Atlanta City Hall, according to the same announcement.
