08 LC 14
9761
House
Resolution 1669
By:
Representative Smith of the
168th
A
RESOLUTION
Proposing
an amendment to the Constitution so as to limit the annual increase of the
assessed value of existing real property for ad valorem tax purposes to not more
than 5 percent; to provide for the submission of this amendment for ratification
or rejection; and for other purposes.
BE
IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
VII, Section I, Paragraph III of the Constitution is amended by revising
subparagraph (a) as follows:
"(a)(1)
All taxes shall be levied and collected under general laws and for public
purposes only. Except as otherwise provided in subparagraphs
(a)(2),
(b), (c), (d), and (e), all taxation shall be uniform upon the same class of
subjects within the territorial limits of the authority levying the
tax.
(2)
The assessed value of any parcel of real property for ad valorem tax purposes
for any year shall not be increased by more than 5 percent above the assessed
value of the parcel for the immediately preceding year. This limitation shall
not, however, apply to increases resulting from new construction, additions, or
other improvements to
property."
SECTION
2.
The
above proposed amendment to the Constitution shall be published and submitted as
provided in Article X, Section I, Paragraph II of the Constitution. The ballot
submitting the above proposed amendment shall have written or printed thereon
the following:
|
"( ) YES
( ) NO
|
Shall
the Constitution of Georgia be amended so as to limit the annual increase of the
assessed value of existing real property for ad valorem tax purposes to not more
than 5 percent?"
|
All
persons desiring to vote in favor of ratifying the proposed amendment shall vote
"Yes." All persons desiring to vote against ratifying the proposed amendment
shall vote "No." If such amendment shall be ratified as provided in said
Paragraph of the Constitution, it shall become a part of the Constitution of
this state.