Property owners may get good news - WALB.com, Albany News, Weather, Sports

Property owners may get good news

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By Karen Cohilas - bio | email

January 28 , 2009

ALBANY, GA (WALB) - There's a chance you may not have to pay back that Homeowners tax relief grant we've told you about.

If you have homestead exemption, that grant likely saved you between two and three hundred dollars.

The governor wants to cut that grant, which means you would have to pay it back, but there's a proposal in the house that would protect property owners, at least this year.

"They're trying to make sure the bill for this will be paid by the state," said Tax Director  Denver Hooten.

The house is expected to discuss the proposal on Friday.

Even if passed, the Governor would have to sign off on the bill, and money to pay for it would have to be found, which could be very tricky this year.

If the proposal passes, in future years, the grant would only be given if the state's revenues grow by at least three percent.

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