Residential Real Estate

The Speaker of the Georgia House of Representatives has thrown his support behind legislation eliminating homestead property taxes. Called the Georgia HOME (Home Ownership and Market Equalization) Act, it would eliminate property taxes on homesteads by 2032. It would preserve property tax exemptions currently in place. “This landmark legislation will not only mandate the elimination of property taxes on primary residences by 2032 but will also provide immediate relief for homeowners by doubling, or more than doubling, the state homestead exemption every year until the mandate takes effect, and providing

On Nov. 1st, newly approved impact fees took effect in North Augusta. It means that in the future, new developments are subject to fees from $2,315 for residential customers with the smallest meter and up to $90,000 for a new commercial building. Funds raised will go toward parks and recreation, sanitation, and water. A developer of “The Hive” was candid with business leaders at a recent North Augusta Chamber event. Lauren McCarthy, Division Vice President for Stanley Homes, provided the renderings. She told ABD that the new fees will influence