Claim Up to a $500 Property Tax Rebate
Georgia homeowners are in for some good news as Governor Brian Kemp has signed an amended budget that includes a $500 property tax rebate. House Bill 18 will boost spending by $2.4 billion, with taxpayers with homestead exemptions getting an average of about $500 from the state under the $950 million property tax rebate plan. Furthermore, taxpayers in Georgia will also receive up to $500 in tax refunds for a second year as the legislation approving those refunds is set to be debated by the state Senate on Tuesday.
Kemp’s speech at the state Capitol on Monday stated that this mid-year budget is geared to help hard-working Georgians fight through 40-year high inflation. The amended budget also includes other benefits such as one-time $500 bonuses for 54,000 retirees in the state Employees’ Retirement System, $115 million for school security grants, $92 million to the state reinsurance program to reduce healthcare premiums, $3.5 million to fund the training of nurses and $5 million to help paraprofessionals become certified teachers.
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The budget also sends a message to federal lawmakers as they begin their budget negotiations that you can hold the line on spending and use innovation to make the government more efficient and streamlined without raising taxes. This is different from President Joe Biden’s budget plan involves taxing the wealthy to fund programs, including restoring the expanded child tax credit that would give families as much as $3,600 per child.
It’s important to note that the $500 property tax rebate is only available for taxpayers with homestead exemptions. Additionally, taxpayers who file jointly will receive $500, while single filers will receive $250 if the legislation is approved. Georgia homeowners eligible for the rebate should claim it to receive the benefits.
Overall, Georgia homeowners can expect to receive a $500 property tax rebate and up to $500 in tax refunds for a second year as part of the amended budget signed by Governor Brian Kemp. This mid-year budget includes several other benefits to help hard-working Georgians fight inflation. While federal lawmakers are discussing raising taxes, the Georgia budget tells that you can hold the line on spending and use innovation to make the government more efficient without raising taxes.
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