HB 730 - Taxation; prop assess; education; local fair share funds computation (20)

First Reader Summary

A BILL to change the method of assessing property for taxation, so as to provide for assessment according to 100 percent of fair market value; to amend Part 4 of Article 6 of Chapter 2 of Title 20 of the Official Code of Georgia Annotated, relating to financing of the "Quality Basic Education Act," so as to change the method of computing local fair share funds and equalization grants to reflect an increase in the assessed value of tangible property; and for other purposes.

Code Sections

Code Sections amended: 20-2-164, 20-2-165, 48-5-7, 48-5-57, 48-5-274, 48-5-341, 48-5-353