State Issues
Taxpayers and Homeowners receive tax breaks for the second year in a row
April 13, 2023
Taxpayers and Homeowners receive tax breaks for the second year in a row
The Georgia General Assembly wrapped up its 2023 legislative session on Wednesday, March 29th.
The Georgia House and Senate on Wednesday agreed on a $32.4 billion budget, which includes a $2,000 raise for teachers. This raise will bring the average teacher salary to $61,000 a year, the highest in the Southeast.
Taxpayers will also receive some money back from their income and property tax bills. Georgians who filed tax returns for the 2021 and 2022 tax years will receive up to $250 if single-filing and up to $500 if filing jointly. In addition, homeowners will receive an extra one-time exemption on the value of their homes at tax time, a move expected to save Georgians an average of about $500.
About the ARA Market Brief
The Atlanta REALTORS® (ARA Market Brief is compiled by First Multiple Listing Service (FMLS) and provides the only regionally focused synopsis of monthly sales and home prices for single-family residential properties. The Market Brief covers the following 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.
The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Atlanta REALTORS® Association
The Atlanta REALTORS® Association (ARA) has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. With over 14,000 members, Atlanta is the largest association in Georgia and is considered to be one of the strongest and most successful REALTOR® organizations in the nation. ARA serves as a central source of information for its members, mainly focusing on real estate education, the promotion of professionalism in the industry, and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.