Georgia's Senate Finance Committee plans a hearing on Monday on a bill limiting increases in a home's value, as assessed for property tax purposes, to 3% per year. The limit would last as long as the owner maintained a homestead exemption. Voters would have to approve the plan in a November referendum.
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In Texas, voters in November approved a plan cutting property taxes by $18 billion. Kansas' Democratic governor and its Republican-majority legislature are both endorsing larger exemptions for homeowners to cut taxes by $100 million annually. Colorado lawmakers meeting in a November special session approved higher residential deductions and a lower assessment rate. Pennsylvania is using lottery proceeds to cut property taxes and subsidize rent for seniors and people with disabilities.

What great ideas. It would really be nice if Tennessee would consider some of these programs. The last property tax hike hurt a lot of people.