---
title: HR 1047. State government; rate of ad valorem tax assessment of a single family residential property; provisions - CA
collection: bills
id: 2025-2026/hr1047
cite_as: HR 1047, 2025-2026 Regular Session (Ga.)
canonical_url: https://georgiacommons.org/bills/2025-2026/hr1047
md_url: https://georgiacommons.org/bills/2025-2026/hr1047.md
text_url: https://georgiacommons.org/bills/2025-2026/hr1047/text
source_url: https://www.legis.ga.gov/legislation/72349
date: 2026-01-29
status: introduced
corpus_version: bills-2026-09-13
license: Public record of the Georgia General Assembly, via LegiScan; see about.md
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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omitted: votes and history
omitted_chars: 129
omitted_url: https://georgiacommons.org/bills/2025-2026/hr1047.md?full=1
bill_number: HR 1047
session: 2025-2026 Regular Session
session_slug: 2025-2026
chamber: House
bill_type: resolution
status_date: 2026-01-27
last_action: House Second Readers
sponsors:
- Dar'shun Kendrick
- Stacey Evans
- Jasmine Clark
text_version: Introduced
has_text: true
legiscan_url: https://legiscan.com/GA/bill/HR1047/2025
upstream_id: 2095034
summaries_model: claude-sonnet-5
topic_tags:
- property taxes
- corporate landlords
- single-family rentals
- constitutional amendment
- housing
---
# HR 1047. State government; rate of ad valorem tax assessment of a single family residential property; provisions - CA
## Text
House Resolution 1047
By: Representatives Kendrick of the 95th, Evans of the 57th, and Clark of the 108th
A RESOLUTION
Proposing an amendment to the Constitution of the State of Georgia so as to set the rate of
the ad valorem tax assessment of a single-family residential property to 100 percent of its fair
market value when such property is owned by a business enterprise with an interest in at least
100 single-family residential properties within this state which are used primarily for the
purpose of generating rental income; to provide for the subclassification of business
enterprise property for ad valorem taxation purposes; to provide for related matters; to
provide for submission of this amendment for ratification or rejection; and for other
purposes.
BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Article VII, Section I, Paragraph III of the Constitution is amended by adding a new
subparagraph to read as follows:
"(f.2)(1)(A) The General Assembly shall be authorized by general law to establish a
separate class of property for ad valorem taxation purposes that includes only tangible
real property that is owned, wholly or partially, by a business enterprise that holds an
interest in at least 100 single-family residential properties within this state which are
used for the primary purpose of generating rental income; and meets such further
requirements as may be prescribed by general law. Such property shall be known as
'business enterprise property.' The General Assembly shall provide by general law for
definitions of the terms 'business enterprise' and 'single-family residential property.'
(B) Business enterprise property shall be assessed at 100 percent of its fair market
value and shall be taxed on a levy made by each respective taxing jurisdiction
according to 100 percent of the property's fair market value.
(2) The only two purposes authorized by the subclassification of business enterprise
property as provided by this subparagraph shall be to allow the General Assembly by
general law to:
(A) Provide that the Department of Revenue or its successor shall appraise business
enterprise property at its fair market value using any combination of appraisal
methodologies otherwise provided by general law for establishing the fair market value
of real property, provided that such methodology is not subject to an exception
authorized by subparagraph (b), (c), (d), (e), (f), (f.1), or (g) of this Paragraph; and
(B) Authorize the General Assembly to provide for a separate system by which to
appeal appraisals of and determinations made related to business enterprise property."
SECTION 2.
The above proposed amendment to the Constitution shall be published and submitted as
provided in Article X, Section I, Paragraph II of the Constitution. The ballot submitting the
above proposed amendment shall have written or printed thereon the following:
"( ) YES Shall the Constitution of Georgia be amended so as to set the rate of the ad
valorem tax assessment of a single-family residential property to 100 percent
( ) NO of its fair market value when such property is owned by a business enterprise
with an interest in at least 100 single-family residential properties within this
state which are used primarily for the purpose of generating rental income?"
All persons desiring to vote in favor of ratifying the proposed amendment shall vote "Yes."
All persons desiring to vote against ratifying the proposed amendment shall vote "No." If
such amendment shall be ratified as provided in said Paragraph of the Constitution, it shall
become a part of the Constitution of this state.
## Summaries written by Georgia Commons
The following was written by claude-sonnet-5 from the text above and is not part of the resolution. Quote the text, not the summary.
A Georgia House resolution would let the General Assembly create a special property tax category for large corporate landlords, taxing homes they own for rental income at 100 percent of fair market value if the company holds at least 100 single-family rental properties statewide.
### Plain-language summary
Georgia currently taxes single-family homes under general ad valorem (property) tax rules regardless of who owns them. This proposed constitutional amendment would authorize the General Assembly to create a new property subclass called 'business enterprise property' for tangible real property owned by a business enterprise that holds an interest in at least 100 single-family rental homes in the state. That property would be assessed and taxed at 100 percent of its fair market value, and lawmakers would define 'business enterprise' and 'single-family residential property' by general law.
The amendment also lets the General Assembly authorize the Department of Revenue to use various appraisal methods for this property and to set up a separate appeals process for its valuations. Because this is a constitutional amendment, it must go before Georgia voters for ratification, with a ballot question asking whether to approve the change.
### What it does
- Authorizes the General Assembly to create a new property tax subclass called 'business enterprise property' for large residential landlords by general law.
- Applies to real property owned, wholly or partially, by a business enterprise holding an interest in at least 100 single-family rental homes in Georgia.
- Sets the assessment and tax rate for this property at 100 percent of fair market value, taxed by each taxing jurisdiction accordingly.
- Directs the General Assembly to define 'business enterprise' and 'single-family residential property' through future general law.
- Allows the Department of Revenue to appraise this property using existing methodologies and lets lawmakers create a separate appeals process for it.
- Requires the proposed amendment to be submitted to Georgia voters for ratification or rejection via a ballot question.
### Who it affects
Large business owners and corporate landlords who own or hold interests in 100 or more single-family rental homes in Georgia, county tax assessors and the Department of Revenue, local taxing jurisdictions that collect property taxes, and Georgia voters who will decide whether to ratify the amendment.
### Why it matters
If ratified, this would let lawmakers tax large-scale corporate rental property owners differently than typical homeowners, potentially raising their tax bills to full fair market value assessment. This could affect how corporate landlords price rentals and how much revenue local governments collect from this property class.
### Key provisions
- Section 1 adds subparagraph (f.2) to Article VII, Section I, Paragraph III of the Georgia Constitution, creating the 'business enterprise property' subclass.
- The subclass covers property owned by a business enterprise holding an interest in at least 100 single-family rental homes used primarily to generate rental income.
- Assessment and taxation for this property class is fixed at 100 percent of fair market value, unlike other exceptions listed in subparagraphs (b) through (g).
- The General Assembly may authorize the Department of Revenue to appraise this property using existing methodologies, excluding certain other listed exceptions.
- The General Assembly may create a separate appeals system for valuations of business enterprise property.
- Section 2 requires the amendment to be submitted to voters with a specified yes/no ballot question for ratification.
## Status
- Status: Introduced (2026-01-27)
- Last action: House Second Readers (2026-01-29)
- Sponsors: Dar'shun Kendrick, Stacey Evans, Jasmine Clark
- Official page: https://www.legis.ga.gov/legislation/72349
> The history, votes, and amendments (129 characters) are at https://georgiacommons.org/bills/2025-2026/hr1047.md?full=1